Reported 26 days ago
The dollar dropped to its lowest level this year against the yen, while gold hit a record high as investors shifted their bets toward a possible 50-basis point cut by the Federal Reserve. Market expectations for a larger cut rose significantly after comments from financial analysts and former Fed officials, contrasting with earlier predictions of a smaller 25-basis point reduction. Concurrently, Asian shares saw gains, and crude oil prices continued to rise following a recent surge.
Source: YAHOO