Dollar Hits Three-Week High Against Yen – 11 June, 2018

In hopes that U.S.- North Korean tensions can subside, the dollar edged up against the yen to a three week high. Just months after insults and nuclear threats were shared between President Trump and Kim Jong Un, President Trump says the two have formed a “good relationship”. The dollar reached its highest since May 23, reaching as high as 110.495 yen and landed at 110.230 on the news that Larry Kudlow, the White House economic advisor, had suffered a heart attack. Against a basket of six major currencies, the dollar index rose 0.15 percent to 93.715, and $1.1768 against a 0.15 percent lower euro.