Forex – Dollar down more than 1% against stronger yen

The dollar fell to one-and-a-half month lows against the broadly stronger yen on Wednesday, dropping more than 1% as plunging Chinese stocks bolstered investor demand for the safety of the Japanese currency. USD/JPY hit lows of 121.02, the weakest since May 22 and was last at 121.13, off 1.16% for the day. Chinese shares fell sharply on Wednesday, extending a ...

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Dollar index remains lower with eyes on Greek proposals

The dollar remained broadly lower against a basket of other major currencies on Wednesday, amid fresh hopes for a solution to Greece’s debt crisis after euro zone officials gave the country until Thursday to present new proposals to secure a deal with creditors. The yen rallied as Chinese shares continued to plunge overnight, bolstering demand for safe haven assets. USD/JPY ...

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