The dollar’s recent recovery was stalling, with the currency falling slightly after reaching a two-month high in the previous session.
The dollar has strengthened this week as political concerns in Japan and France weighed on the yen and the euro.
Sanae Takaichi’s victory in the leadership election of Japan’s ruling party prompted markets to bet on lower-for-longer interest rates. However, the yen received some reprieve after Takaichi said in an interview on Japanese TV that she has no intention of triggering an excessively weak yen.
AloJapan.com