It moved off a low of 98.858 plumbed earlier this week, its weakest level since Nov. 11, in the wake of U.S. President Donald Trump's failed healthcare reform bill. The healthcare stumble raised doubts that Trump would be able to carry out his fiscal stimulus and tax cuts, and pressured the dollar to 110.11 yen, its lowest since Nov. 18. It last stood at 111.17 yen, up slightly on the day. "The dollar has been quite resilient, and this shows that optimism and hope among market participants remains, that some things will happen under the Trump administration," Yamamoto said. "The Fed raised rates in March, and a majority of the central bank's policymakers foresee at least two more increases this year.

Source: Economic Times March 29, 2017 00:56 UTC