The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors’ view of riskier assets soured, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded. Read the full article at: www.theglobeandmail.com
The Japanese currency, often sought in times of market turmoil or economic uncertainty, fell as low as 110.30 per dollar as the Asian trading day ended with losses in many stock markets. European shares also fell in early deals.
Crude oil, which had fallen in recent days on fading prospects of agreement among producers to curb oversupply, took another hit from data showing U.S. demand for gasoline fell in January for the first time in 14 months.
