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US Dollar Hits 151.93 Yen as New York Stocks and Yields Decline

The dollar briefly reached a multi-month high against the yen, while equities and bond yields weakened in the New York session.

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Terms & Concepts
  • Bond Yield: The return an investor realizes on a bond, expressed as a percentage of the bond's face value.
  • Foreign Exchange Rate: The value of one currency for the purpose of conversion to another currency.
  • Equities: Shares of ownership in a company, commonly traded on stock exchanges.