Asian Currency Weakens, Dollar Firms (Communities - News & Events)

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Asian Currency Weakens, Dollar Firms


The Japanese yen pair, which is contrarily illustrative of the yen's solidarity, rose 0.3% to cross the 155 level, moving back to a 34-year high of more than 160 focuses a week ago.

The pair had tumbled from that level after the Japanese government clearly mediated two times in the money markets, while dollar shortcoming additionally helped the yen.

However, with business sectors scrutinizing the possibilities for US rate cuts, dealers continued hypothesis against the yen, even as Japanese authorities cautioned of proceeded with shortcoming in the cash.

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Last Update : May 08, 2024 6:40 AM
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2024-11-17 (0.385 sec)