Dollar drops to 15-year yen low
Baku, October 11 (AZERTAC).The US dollar has hit a fresh 15-year low against the yen after meetings of the International Monetary Fund (IMF) and G7 finance ministers produced little to ease world currency tensions.
The dollar weakened against a basket of currencies and fell as low as 81.37 yen, before recovering to 81.99.
Friday`s weaker-than-expected US jobs data also raised expectations of more quantitative easing in the US.
The record low for the dollar is 79.75 yen, reached in April 1995.
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