Reported 8 months ago
On June 20th, the US dollar hit its highest point against the Japanese yen in seven weeks amid concerns over the cooling US economy and anticipation of Federal Reserve interest rate cuts. The Japanese yen saw its longest continuous decline since March, while the Swiss franc depreciated following a surprise rate cut by the Swiss National Bank. The US dollar rose against major currencies, such as the yen and swiss franc, presenting a possible fifth consecutive week of gains due to the relatively stronger US economic outlook compared to other countries.
Source: YAHOO