Reported 23 days ago
The US dollar has fallen to a more than one-year low against the yen, driven by mounting expectations of a potential aggressive interest rate cut by the Federal Reserve later this week. Reports have shifted market sentiment towards the likelihood of a 50 basis-point reduction, with futures markets indicating a 61% probability. As traders adjust, the dollar was last seen at 140.695 yen, down from recent highs, while other major currencies like the euro and sterling also displayed modest gains.
Source: YAHOO