Dollar jumps to one-week high versus yen report Pacific Chiba Trust
Dollar jumps to one-week high versus yen report Pacific Chiba Trust The U.S. dollar rose to a one-week high against the Japanese yen on Tuesday. The greenback rose 0.68% versus the yen to reach 118.35. The U.S. dollar index moved higher 0.16% to 93.00. “This came after data showed that economic growth in China remained steady in the fourth quarter,” commented Louis Hunter, Head of Mergers & Acquisitions at Pacific Chiba Trust. China’s gross domestic product increased at an annual rate of 7.3% in the fourth quarter, beating economists' previous forecasts for growth to slow to 7.2% from 7.3% in the third quarter. However, China's economy slowed to 1.5%, on a quarter-over-quarter basis, from 1.9% in the third quarter, compared to forecasts for 1.7%. The report eased concerns over the slowdown in the world's second-largest economy. Meanwhile, the euro remained broadly lower ahead of the European Central Bank (ECB) meeting later this week. It slipped 0.10%...