©Reuters. FILE PHOTO: US dollar bills. Image taken on February 14, 2022. REUTERS/Dado Ruvic/Illustration
By Elizabeth Howcroft
LONDON, March 24 (Reuters) – The dollar strengthened and the yen slumped to its lowest level since 2015, as the conflict between Russia and Ukraine and expectations of monetary tightening by central banks kept investors cautious. investors.
* Equity markets were volatile, with European stocks falling after more aggressive comments from the Federal Reserve in the previous day.
* The Japanese currency fell against its US pair for the fifth consecutive session, reaching its lowest level since 2015, as the Bank of Japan is expected to lag policy tightening by other major central banks. At 1248 GMT, the dollar was up 0.4% at 121.66 yen.
* Against a basket of six major currencies, the dollar was up 0.2%, trading within recent ranges.
* “Market players and investors around the world continue to bet on the dollar on the idea that (the Fed) will be the most aggressive when it comes to raising interest rates,” said Neil Jones of Mizuho (T:).
* He also added that the combination of rate hike expectations and the war in Ukraine creates a “perfect storm” for dollar gains. In this context, he said he expects the dollar-yen parity to rise to 125 units.
* The euro was down 0.2% at $1.09785.
* Commodity currencies slipped, with the Australian dollar down 0.1% at $0.79151 and its New Zealand dollar down 0.4% at $0.695.
(Edited in Spanish by Carlos Serrano)
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