Reported 7 months ago
Asian currencies strengthened against a weakened US dollar following softer US inflation data, except for the yen which remained vulnerable prior to the Bank of Japan meeting. The Euro, Aussie dollar, and New Zealand dollar all saw gains, with markets still expecting rate cuts despite the Fed's projections. The yen faced downward pressure due to the wide interest rate gap with the US, with the Bank of Japan expected to provide guidance on bond purchases and yield increases. The article explains market reactions and expectations for various currencies in response to economic data and central bank policies.
Source: YAHOO