Reported 3 days ago
The dollar is experiencing broad gains, remaining close to a two-year high, while the yen has slightly recovered from five-month lows as focus turns to the Federal Reserve's future interest-rate decisions. Analysts suggest the Fed is expected to minimize rate cuts next year due to persistent inflation above its target, with expectations for Trump's administration to stimulate growth. Despite an anticipated interest rate hike from the Bank of Japan, the yen faces pressure from rising U.S. Treasury yields, leading to significant shifts in the currency exchange landscape.
Source: YAHOO