Reported 27 days ago
The U.S. dollar has dropped to its lowest level this year against the Japanese yen amidst renewed discussions regarding a significant rate cut by the Federal Reserve. Reports suggesting a potential 50 basis point cut next week have led traders to reassess expectations, with approximately 40% now pricing in this larger cut. Meanwhile, the euro and pound have gained against the dollar following the recent economic reports and central bank decisions.
Source: YAHOO