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Dollar takes a hit

The dollar was under pressure against the yen and euro on Friday as confidence in the global economy headed south and hopes for a September US interest rate hike faded. The greenback slipped to 123.02 yen, down from 123.38 yen in New York and well down from rates above the

By our correspondents
August 22, 2015
The dollar was under pressure against the yen and euro on Friday as confidence in the global economy headed south and hopes for a September US interest rate hike faded.
The greenback slipped to 123.02 yen, down from 123.38 yen in New York and well down from rates above the 124 yen level seen earlier Thursday in Tokyo. The euro also benefited from market jitters, with the 19-nation unit quoted at $1.1279 and 138.74 yen, up from $1.1241 and $138.69 US trading.