Dollar near 7-month high to yen on policy split; yuan snubs PBOC

The U.S. dollar hovered near a more than seven-month high to the Japanese yen on Thursday after the heads of the respective central banks reaffirmed the stark divergence in their policy paths at a European Central Bank (ECB) conference overnight. The Chinese yuan weakened toward a seven-month trough despite the People’s Bank of China (PBOC) … Continue reading Dollar near 7-month high to yen on policy split; yuan snubs PBOC