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Dollar hits near 8-yr high on hopes for US rate hike

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Tokyo - The dollar hit a near eight-year high against the yen on Tuesday on mounting speculation that the Federal Reserve will lift interest rates by mid-year as the US economy picks up strength.

In Tokyo, the greenback briefly surged to a high of ¥122.02 in mid-day trading, around levels not seen since July 2007.

The dollar later settled back to ¥121.68, but was still up from ¥121.15 in New York.

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Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
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