Dollar Weakens Against Yen and Sterling After Fed's Dovish Shift

Reported about 2 months ago

The dollar experienced a decline against the yen, hitting its lowest level in over a year against the euro and approaching a 2.5-year low against sterling. This follows a dovish shift from Federal Reserve Chair Jerome Powell, contrasting sharply with the hawkish stance of Bank of Japan governor Kazuo Ueda. As markets reacted, the dollar's index fell close to a 13-month low, while other currencies like the euro and Australian dollar remained stable.

Source: YAHOO

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