European Session – Dollar gains over 1 percent on yen
Posted on May 9, 2016 at 2:49 pm GMTThe US dollar was broadly stronger on Monday and gained over 1 percent versus the Japanese currency to 108.59 yen. The absence of key US data today helped the greenback extend gains from Friday after the currency recovered swiftly from the soft nonfarm payrolls data, with the help of comments from New York Fed President William Dudley. His comment that it was reasonable to expect two Fed rate hikes this year lent support to the greenback. The diverging monetary policies [..]