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Dollar changes hands above 110 yen line on hope of rate hike, Trump economic policies

Xinhua, November 18, 2016 Adjust font size:

The U.S. dollar changed hands in the lower 110 yen zone early Friday morning in Tokyo as market expects a U.S. interest rate hike next month as well as the U.S. President-elect Donald Trump's economic stimulus policies.

At 9 a.m., the dollar was quoted at 110.24-25 yen compared with 110.06-16 yen in New York and 109.01-02 yen in Tokyo at 5 p.m. Thursday.

The euro fetched 1.0622-0623 dollars and 117.09-10 yen against 1.0615-0625 dollars and 116.95-117.05 yen in New York and 1.0714-0715 dollars and 116.79-83 yen in Tokyo late Thursday afternoon. Endit