Where king dollar is causing pain the most
Its latest rally, following stronger-than-expected March inflation numbers that pushed back U.S. rate cut bets even further, highlights how sensitive currency markets are to relative interest rate changes. "We track investor flows, and the dollar buying since the CPI release has been strong," said Tim Graf, head of macro strategy for Europe at State Street Global Markets. One dollar is worth just under 155 yen, its strongest since 1990, and Japan has warned that it might start buying yen to support its value.
Source: yahoo.com