Strong dollar draws investors as U.S. real interest rates soar

Greenback steals yen trade from Aussie dollar, other high-yield favorites

20231003N Powell/traders

The overall value of the dollar has risen 3.7% since March 2022, according to a Nikkei index. © Reuters

YASUHA MINAMI and TAKAHISA TAMURA, Nikkei staff writers

TOKYO -- High inflation-adjusted interest rates have fueled the dollar's rise against its peers and made the U.S. currency a target for yield-hungry investors.

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