Reported 8 months ago
The article discusses the steady performance of the dollar as traders await new data on U.S. inflation and its impact on interest rates. Meanwhile, the Japanese yen has weakened to 159.70 per dollar, with authorities expressing readiness to intervene if needed. The Bank of Japan's decision to hold off on reducing bond-buying stimulus has also contributed to the yen's pressure, leading to speculations on potential future interest rate adjustments. The focus remains on the U.S. personal consumption expenditures price index, while geopolitical events like the U.S. presidential debate and the French election are also being monitored.
Source: YAHOO