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Dollar holds firm against yen, major peers on strong U.S. inflation

Reuters  |  TOKYO 

By Daniel LeussinkTOKYO (Reuters) - The dollar steadied near a six-month high against the Japanese yen and held firm against its major peers on Thursday after the latest U.S. economic data reaffirmed expectations that the Federal Reserve will hike interest rates two more times this year.While financial markets remained vexed by risks of a full-scale Sino-U.S. trade war, investors' focus was drawn to the U.S. Labour Department's expectation-beating inflation report which boosted confidence in the world's top economy.The dollar edged up 0.1 percent, trading at 112.07 yen after breaking through ...

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First Published: Thu, July 12 2018. 06:38 IST