Dollar Hits Two-Week High as Warsh Fuels Rate-Hike Bets, Yen Breaks 160
Treasury Secretary Bessent said the yen's slide is 'contained' and that Washington won't pressure the Bank of Japan on rates, even as gold steadied after a sharp selloff.
The dollar climbed to a two-week high and the yen slipped past 160 per dollar after Kevin Warsh's comments raised expectations for a Federal Reserve rate hike, while gold stabilized following a sharp drop.
MARKET REPORTBULLISH