Tokyo, June 18 (Jiji Press)--The dollar hovered above 160.50 yen in Tokyo trading on Thursday after rallying to a 23-month high of 160.79 yen in New York overnight amid expectations of an interest rate hike by the Federal Reserve later this year. At 5 p.m., the greenback stood at 160.60-60 yen, up from 160.18-19 yen at the same time on Wednesday. The euro was at 1.1513-1513 dollars, down from 1.1607-1608 dollars, and at 184.89-90 yen, down from 185.94-95 yen. Moves to buy the U.S. currency spread after the U.S. central bank kept its policy interest rate unchanged for the fourth successive Federal Open Market Committee meeting but suggested the possibility of raising the rate within the year. END [Copyright The Jiji Press, Ltd.]
Dollar Hits 23-Month High above 160.50 Yen after FOMC Meeting
Tokyo, June 18 (Jiji Press)--The dollar hovered above 160.50 yen in Tokyo trading on Thursday after rallying to a 23-month high of 160.79 yen in New York overnight amid expectations of an interest rate hike by the Federal Reserve later this year. At 5 p.m., the greenback stood
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