Dollar rises along with yen, Aussie falls as investors worry about recession risks
Dollar index chart in 1 day intervals
Concerns about the risk of a global recession led the Japanese yen and the US dollar to rise on Friday, while the risk-sensitive Australian dollar fell to a two-year low.
The yen rose to 135.105 per dollar, pulling back from a mid-week low at 137.00, the weakest in 24 years.
The dollar index, which measures the dollar against six currencies including the yen, euro and pound sterling, rose 0.18% to 104.85.
The euro fell 0.31% to $1.0449 and the pound lost 0.53% to $1.21145.
The Australian dollar fell 1.12% to $0.6826 and touched $0.6822, a level not seen since June 2020.
The New Zealand dollar fell 1.15% to $0.6175 for the first time since May 2020.
Risk assets were already under pressure in Asia this morning, but losses quickly accelerated in the afternoon.
Regional stock indexes fell along with the yield of US Treasury bonds at the auction in Tokyo.