WBC News: FOREX-Dollar languishes as recession fears mount; yen bounces while won slides - 23rd Jun 2022, 3:13pm

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By Kevin Buckland

TOKYO, June 23 (Reuters) - The U.S. dollar remained under pressure on Thursday as it looked set to extend declines against major peers to a fourth day, hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession.

The safe-have yen bounced, climbing back from 24-year lows to the dollar. The risk-sensitive Australian dollar dropped, and the Korean won slid to its weakest level for 13 years.

The dollar index, which measures the currency against six ...

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