Economic news

Review: Yen jumps against dollar on Trump tax cut doubts

The dollar fell to a four-month low against the yen, strengthening of which pushed Japanese stocks to a three-week low, while the euro is holding near $1.08, its highest level since early February.

The dollar lost 0.3% against the yen, sinking to a four-month low at 111.25 yen earlier in the day.

The thing is that the growing doubts about the fact that U.S. President Donald Trump will be able to fulfill his promises to reduce taxes, prompted investors to seek safe haven, investing in government bonds, gold and yen.


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