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Dollar Extends Gain Against Yen After Best Month Since 1995

  • Treasuries’ rising yield premium over peers boosts greenback
  • Trump selection for Treasury secretary also gives support
Bloomberg business news

How Much Further Can the Dollar Rally Versus the Yen?

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The dollar completed its best month versus the yen in two decades as rising Treasury yields added to the U.S. currency’s allure.

The greenback extended Wednesday’s surge on speculation that the Federal Reserve will raise interest rates in December and on the prospect of President-elect Donald Trump’s proposed fiscal stimulus fueling inflation. Data on U.S. employment and personal income exceeded forecasts, bolstering the case for a Fed move.