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5/2/2017, 7:58 AM (Source: TeleTrader)
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Dollar reaches one-month high against yen

The US dollar hit a one-month high against the yen as it traded for 112.010 on Tuesday, the highest its has traded compared to the Japanese currency since March 31 when it went for 112.210. The greenback was boosted by treasury yields which soared after Treasury Secretary Steven Mnuchin hinted at the issuance of ultra-long bonds of maturity beyond 30 years.

The US currency rose 0.10% against the yen to sell for 111.976 at 7:52 am CET. 

Sterling gained 0.13% compared to the dollar to change hands for 1.2902 at 7:55 am CET and the euro increased 0.20% against the greenback to go for 1.0921 at 7:56 am CET.

Breaking the News / NP