Asian Session – Dollar surges above 110 yen for first time since 2008
Posted on October 1, 2014 at 7:17 am GMTThe dollar strengthened above 110 yen for the first time since August 2008 and gained versus most of its major counterparts. The US is the only major economy which is on a stable path toward monetary policy normalization so the greenback is in strong demand. There is growing speculation an improving economy will give the Federal Reserve more reason to increase interest rates. The dollar hit a fresh 6-year high of 110.08 yen in early Asian session trading. Despite a [..]