U.S. job market strength leads to a four-week high for the dollar in foreign exchange markets.

On Friday, the dollar reached its highest level in over a month as a result of U.S. economic statistics showing a still tight labour market, which could suggest the Federal Reserve continues rising interest rates quickly. Statistics released on Thursday indicated that the number of Americans fili...

Yen declines to a lower 144 level as compared to the dollar

In response to rumours that the Federal Reserve will continue raising interest rates in the wake of positive U.S. economic statistics, the yen plunged to the lower 144 level and hit a fresh 24-year low of 144.38 against the dollar on Wednesday in Tokyo.

Dealers stated that after crossin...