Dollar Declines Amid Financial Concerns
Financial concerns and weak demand for U.S. Treasury bonds pushed the dollar to a two-week low against the Japanese yen on Thursday, coinciding with U.S. President Donald Trump's attempt to "pass a comprehensive spending and tax-cut bill in Congress."According to Bloomberg News, the dollar dropped to 143.27 yen in early Asian trading — its weakest level since May 7. Meanwhile, the euro held steady in recent trading at $1.1330, after rising 0.4% on Wednesday and marking gains for the third consecutive session.The British pound also remained steady at $1.3426, while the Swiss franc edged up slightly by 0.1% to 0.8245 against the dollar.Bitcoin, the cryptocurrency, rose 1.6% in recent trading to $110,049.82, after earlier reaching an all-time high of $110,636.58.— (Petra)
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