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Yen Slides to ¥157.33 as Fed Hike Bets Rise

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Story summary
  • The yen fell to ¥157.33 per dollar as traders weighed global central-bank hawkishness.
  • The dollar index rose 0.17% to 100.59, touching a two-month high of 100.70.
  • Markets assign a 55% chance the Federal Reserve (Fed) will raise rates to 4-4.25% in October.
  • President Donald Trump said the United Nations meeting with Iran was “very good,” lifting oil and the dollar.