Dollar near 5-year peak to yen before Fed; Aussie weak amid China risks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The dollar traded near a five-year high against the yen on Wednesday as investors awaited a Federal Reserve policy decision, with the Ukraine war and China’s surging COVID-19 cases as the backdrop.

The dollar was also hovering near its highest level this month to the Aussie after commodity prices pulled back from multi-year peaks as markets stayed optimistic that Russia-Ukraine talks could lead to an end to hostilities.The dollar was also hovering near its highest level this month to the Aussie after commodity prices pulled back from multi-year peaks as markets stayed optimistic that Russia-Ukraine talks could lead to an end to hostilities.

The dollar was also hovering near its highest level this month to the Aussie after commodity prices pulled back from multi-year peaks as markets stayed optimistic that Russia-Ukraine talks could lead to an end to hostilities. Meanwhile, the euro continued its recovery from a plunge toa nearly 22-month low earlier this month. That helped keep the dollar index stuck around 99.0,from as high as 99.415 at the start of last week.

 

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