Reported about 23 hours ago
The dollar regained some strength on Tuesday after a five-day selloff, as concerns over public finances in Britain and Japan led to declines in both the sterling and the yen. Sterling fell 1.3% to $1.3379, while the yen weakened to 148.66 per dollar. Investor worries escalated ahead of the upcoming UK budget and amid political uncertainty in Japan, while U.S. Treasury yields increased, adding more support to the dollar. Despite expectations for a potential rate cut by the Federal Reserve, analysts believe the dollar will not see significant declines.
Source: YAHOO