Forex - Dollar at 2-month high; ‘cliff,’ yen in spotlight

Posted by Forexsq 1104 days ago (
img Nervousness over the so-called fiscal cliff inspired haven-related flows that boosted the U.S. dollar Friday as investors continued to unload global equities.

The yen, meanwhile, continued to draw more attention than usual after Japan’s lower house of parliament was dissolved, leading up to national elections that are likely to also usher in even easier monetary policy.

The ICE dollar index DXY +0.35% , a measure of the greenback against a basket of six major currencies, rose to 81.401, its highest level since early September and up from 81.039 late Thursday. For the week, the index is up 0.5%. forex

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