Dollar climbs to 115 yen, highest since March 2017

The U.S. dollar on Tuesday hit the highest level since March 2017 in Asian trading, climbing to the lower 115 yen range, as expectations for an early interest hike by the U.S. Federal Reserve grew with Jerome Powell nominated for a second term as chairman of the central bank.The dollar rose after fetching 114.82-92 yen in New York and 114.21-23 yen in Tokyo at 5 p.m. Monday. Tokyo markets were closed Tuesday for a national holiday.A weaker yen enables exporters to earn more if they repatriate overseas profits and helps to sharpen the competitiveness of Japan-made products abroad, but it wil…READ FULL ARTICLE