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    Home»UAE»Dollar set for weekly gain, yen hits key 160 level
    UAE

    Dollar set for weekly gain, yen hits key 160 level

    Editorial TeamBy Editorial TeamJune 5, 2026
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    WORLD CAPITALS, 5th June, 2026 (WAM) — The US dollar was little changed on Friday but remained on track for a weekly gain, while the Japanese yen is testing the 160-per-dollar level.

    The dollar index, which measures the greenback against a basket of currencies including the yen ⁠and the euro, was little changed at 99.434, on track for a 0.5 percent gain for the week.

    Meanwhile, the yen weakened to the critical 160-per-dollar mark briefly in early trades, hitting the level for the third straight.

    The euro stood at $1.1612, up 0.02 percent so far in Asia, and sterling was steady at $1.34228. Both ​are heading for small weekly losses.

    The Australian dollar was down 0.1 percent at $0.71265, and the New Zealand dollar held flat at $0.5867 with a ​2 percent weekly advance.

    Source: Emirates News Agency

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