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The dollar rose to an 8-month high against the yen on Friday as US bond yields resumed their rise in Asia after the Thanksgiving break shut markets in the United States. The dollar was up 0.3 percent at 113.710 yen after touching an 8-month high of 113.900 yen.

It was on track to rise 2.5 percent on the week. Emerging market equities and currencies have been affected most by the decision of higher US interest rates. The Turkey's lira, for example, decreased to a record low although the country's central bank raised interest rates for the first time in nearly three years on Thursday.


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Todays Epaper

Which political party will form the government at Centre?

NDA (BJP)
UPA (Congress)
Mahagathbandhan