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The Economic Times
The Economic Times
National

Dollar firms as US-Iran peace deal hangs in balance; yen nears 40-year low

ING United States Iran US Federal Reserve Interest Rates

London | Singapore: The dollar held firm against most peers on Friday, as a peace deal between the U.S. and Iran hung in the balance, pinning the yen around a two-year low, a break beyond which would take the Japanese currency to its weakest in 40 years.

The dollar climbed as high as 161.8 yen late on Thursday, closing in on July 2024's 161.96. Any higher would take it to its strongest against the yen since 1986.

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