SINGAPORE – The dollar firmed near a six-month peak against the yen on Friday on the back of rising U.S. Treasury yields, as optimism over debt ceiling talks in Washington raised expectations of higher-for-longer interest rates. President Joe Biden and top U.S. congressional Republican Kevin McCarthy earlier this week underscored their determination to strike a deal soon to raise the government's $31.4 trillion debt ceiling, with hopes of finalizing a deal after Biden returns from the Group of Seven meeting in Japan on Sunday.

https://business.inquirer.net/401611/dollar-buoyed-by-hawkish-fed-expectations-as-debt-deal-eyed

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