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The Financial Express

Dollar price slips to four-week low against yen


File Photo (Reuters) File Photo (Reuters)

The dollar slipped to a four-week low against the yen on Friday, after a newspaper report of possible Russian interference in the US election.

The report overshadowed any support for the dollar from the approval of a tax-reform bill in the US House of Representatives on Thursday, which had been a key focus for markets.

The greenback slipped more than half a per cent to as low as 112.395 yen, its weakest since Oct. 19.

The dollar was down 0.3 per cent at 93.700 against a basket of six major currencies, according to Reuters report.

The euro rose 0.2 per cent to $1.1794.

Bitcoin hit another all-time high just shy of $8,000, with analysts saying a software upgrade that had been suspended but might now take place later on Friday was behind the move higher.

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