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Dollar Weakens, Yen Stumbles to 40-year Low

Economy

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Singapore, June 30 (QNA) - The dollar index, which measures the US currency against six other units, clawed back some of its overnight losses to be last at 101.28, set for a 1.4% rise in the quarter after gaining 1.6% in the first three months of 2026.

The Japanese yen fell to its lowest level since 1986, raising concerns about potential intervention by Tokyo in the currency market. The yen ‌weakened to 162.41 per dollar for the first time in 40 years.

The dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.

The euro dipped 0.18% to $1.1403, not far from the one-year low it hit last week.

The Australian dollar dipped 0.27% to touch a three-month low of $0.6867 while the ​New Zealand dollar fetched $0.5644.

Sterling softened 0.17% to $1.3237. (QNA)

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