July 1, 2024
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Currencies

U.S. Dollar Hits 38-Year High Against Yen; Euro Strengthens After French Elections

The U.S. dollar surged to a 38-year peak against the yen on Monday, driven by a sharp rise in long-term Treasury yields. This significant movement in the currency market has heightened expectations of potential intervention from Japanese authorities to support the yen. The yen’s decline was further exacerbated by data indicating Japan’s economy contracted more

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Currencies

Dollar Steady Ahead of Key Global Inflation Data

On Monday, the U.S. dollar held its ground, though it is poised for its first monthly loss this year. Investors are closely watching inflation data from the U.S., Europe, and Japan to gauge future interest rate decisions globally. Market Dynamics and Currency Performance Recent months have seen foreign exchange trading dominated by the search for

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Currencies News

Calm in the Dollar as Week Ends; Sterling Advances on Robust Growth Data

This Friday marked a stabilization in the U.S. dollar after it retreated in the prior session due to disappointing jobs figures. Conversely, the British pound ascended following the announcement of unexpectedly strong economic growth data. As of early morning, the Dollar Index, which assesses the value of the dollar against six major currencies, modestly increased

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