Dollar falls, yen rises to highest level in more than a year

The dollar fell today, and the yen rose to its highest level in more than a year today, in limited trading due to a holiday in Japan, while traders expect the US Federal Reserve to issue a decision this week to cut interest rates significantly.

The dollar fell by 0.47%, recording 140.15 points, falling further from its lowest level since the end of December at 140.285 points, while the dollar fell against the yen by 1.3%.

The pound sterling rose by 0.23%, to $1.3155, while the euro rose by 0.2%, recording $1.1096.