Economic news

Dollar sinks against yen amid escalation of trade tensions

The dollar weakened versus the yen on Wednesday, with the prospect worsened by concerns that rising U.S.-China trade tensions could affect the world economy and U.S. growth.

Photo: Reuters

The greenback slipped 0.1 percent to 106.50 yen, having climbed 0.6 percent in the previous session.

The dollar’s index dipped 0.1 percent to 90.071.

The euro inched up 0.1 percent to $1.2281.

The Aussie gained 0.4 percent to $0.7712, supported by fresh figures showed a greater-than expected surge in Australian retail sales in February.

Sterling rose 0.1 percent to $1.4053.


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