Market News
Dollar peaks against yen ahead of US election and economic data - REUTERS
- Dollar holds firm, data and election in focus
- Sterling steady ahead of UK budget
- China's yuan shrugs off new stimulus measures
NEW YORK, Oct 29 (Reuters) - The dollar hit three-month highs against the yen on Tuesday, but was little changed on the day against most major currencies as traders bided their time ahead of next week's U.S. election and a slew of incoming economic data.
The loss of a parliamentary majority for Japan's ruling coalition in weekend elections muddied the political and monetary picture, and has been weighing on the yen.
The dollar was last up 0.12% on the day at 153.47 yen . The BOJ announces its monetary policy decision on Thursday, and is widely expected to leave rates unchanged.
