Yuan And Yen Take Hit From Dollar – 21 April, 2022

The dollar was on track for a seventh consecutive week of gains against the yen and its best single week against the yuan in over two years. The yen is down 1.6% for the week and last traded at 128.44 to the dollar, just above Wednesday’s 20-year low of 129.43. The U.S. dollar index held above 100 at 100.61. The yuan fell to a seven-month low of 6.4830 in offshore trade, while sterling hovered at $1.3022.. The Australian dollar fell 1% on Thursday and was hovering at $0.7363 in morning trade. The New Zealand dollar had also dropped 1% overnight and inched lower to $0.6723.