Yen’s Woes Against Global Peers Worsen Even After Dollar Slips
- Currency hits 15-year low to euro, record against franc
- Interest rate gaps remain wide, GDP figures add weight
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The yen’s rebound from the cusp of a 33-year low versus the dollar has only served to highlight the increased pressure it faces with other major currencies.
It touched the weakest in 15 years against the euro on Wednesday, depreciated to a record level to the Swiss franc and registered a drop versus ever other Group-of-10 currency. In fact, Bloomberg’s measure of the yen’s relative strength against its G-10 peers fell to the lowest since 2007.