Hawkish Fedspeak Keeps Dollar King, Yen Slumps to 20-year Low

Hawkish Fedspeak Keeps Dollar King, Yen Slumps to 20-year Low
U.S. dollar banknotes are displayed in this illustration taken, on Feb. 14, 2022. Dado Ruvic/Reuters
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TOKYO—The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening.

The greenback was 0.43 percent higher at 126.40 yen after earlier reaching 126.56 for the first time since May 2002.