3/23/2017, 2:24 PM (Source: TeleTrader)
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Dollar slips to fresh four-month low versus yen

The greenback tumbled to the weakest point against the Japanese currency since November 22 on Thursday, extending yesterday's decline as investors turned to the safe-haven asset in the runup to a crucial vote on healthcare reforms in the United States House of Representatives. On top of that, the dovish stance by several Federal Reserve officials played down the case for a steeper interest rate increase before the design of the upcoming tax overhaul under President Donald Trump becomes clear. 

The dollar slided 0.44% to ¥110.6755 at 2:20 pm CET, compared to the four-month low of ¥110.6305 reached earlier in the session. At the same time, the euro surrendered gains to trade 0.11% down at $1.0785 and the pound edged 0.21% higher to $1.251. Earlier today the two currencies reached the strongest levels against the United States counterpart since February 24 and March 3, respectively.

Baha Breaking News (BBN) / IT