SINGAPORE – The dollar fell to a seven-month low against major peers on Monday while the yen surged to an over seven-month peak, as traders ramped up bets that the Bank of Japan may make further tweaks to its yield control policy at its meeting this week.
The Aussie breached the key $0.7000 level for the first time since August, and last gained 0.29 percent to $0.6995, after rising as high as $0.7019 earlier in the session.
Similarly, the euro hit a fresh nine-month top of $1.0874, and was last 0.23 percent higher at $1.08565.
Against a basket of currencies, the U.S. dollar index slumped to a seven-month trough of 101.77, as the greenback extended its selloff from last week afte…
Keep on reading: Yen jumps on hopes of BOJ policy shift; dollar slides to seven-month low
