Economic news

Review: Dollar gains, boosted by Fed rate hike expectations

The dollar reached its top in almost eight months against the yen on Monday, boosted by expectations for extended monetary policy difference between the U.S. Federal Reserve and the Bank of Japan. 

The dollar jumped to as high as 114.735 yen at a certain point, its peak since mid-March. It traded at 114.35 yen later.

The dollar index traded at 94.919, not far from 95.150, its highest level since July 20.

The euro edged up 0.1 percent to $1.1616.


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