Economic news

U.S. dollar gains against Japanese yen, while oil spikes due to Iran nuclear deal

The U.S. dollar climbed to its peak of six days versus the yen today as oil prices soared and drove Treasury yields up following President Trump’s announcement of withdrawal from the international Iran nuclear deal.

The U.S. currency added 0.3% coming up to 109.480 yen, while intra-day peak was at 109.640, the top mark since May 3.

The dollar index versus a basket of main currencies slightly grew to 93.206.

Returns on the 10-year Treasury note gained 0.02% rising to 2.989%. A hike above 3.035% scaled on April 25 would lift it to a record high since the beginning of 2014.


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