King Dollar is Back
The U.S. dollar continued to surge on Tuesday, driving the Japanese yen closer to a zone where intervention may be considered. While the yen is approaching 12-month lows against the dollar, both the euro and the British pound experienced declines to new multi-month lows versus the dollar. The euro slipped below its previous low from January, which was at 1.0482. Europe’s shared currency had a challenging September, dropping 2.5% against the dollar. It is already down 1% in October following fresh signs of economic challenges in Europe. Analysts are increasingly warning that the euro may reach ...