(Reuters) - The dollar hit a 4-1/2-year high against the yen on Thursday, extending gains after strong U.S. retail sales data the previous session reinforced expectations that the Federal Reserve would not cut interest rates this year.
A surge in benchmark U.S. yields to five-year highs this week on an upbeat outlook for the economy, has stoked demand for dollar-denominated securities.
Read more at Reuters Africa
A surge in benchmark U.S. yields to five-year highs this week on an upbeat outlook for the economy, has stoked demand for dollar-denominated securities.
Read more at Reuters Africa
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