Dollar gains as inflation data looms; yen on intervention watch

TOKYO/LONDON, March 28 (Reuters) – The dollar gained on the euro and pound on Thursday after a U.S. Federal Reserve policy maker said he wasn’t in a hurry to cut rates, while traders braced for key economic data and hesitated to move on the yen on fears of Japanese intervention. The Japanese currency was steady at 151.42 per dollar having traded just shy of the 152 mark at its lowest since 1990 on Wednesday before Japan’s top monetary officials suggested they were ready to intervene to prevent further declines. The euro was last down 0.33% at $1.0792 its lowest in five weeks, and the pound was down 0.25% at $1.2609. That left the dollar index up 0.16% at 104.6, its…

Source: Market Screener
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