May 3, 2016 10:40:34 am
The US dollar fell below 106.00 yen for the first time in about 18 months on Tuesday, as the yen surged against the Australian dollar after Australia’s central bank cut interest rates to a record low of 1.75 percent.
The US dollar slipped to as low as 105.91 yen at one point, its lowest level since October 2014. The greenback last traded at 105.97 yen, down 0.4 percent on the day.
The Australian dollar slid 1.5 percent against the yen to 80.36 yen.
Subscriber Only Stories
📣 Join our Telegram channel ( The Indian Express ) for the latest news and updates
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.