Reported 27 days ago
On Thursday, the dollar declined against the yen after less dovish comments from the Bank of Japan and U.S. data indicating easing price pressures, suggesting a potential interest rate cut from the Federal Reserve next week. U.S. consumer spending showed slight growth, while inflation remains close to the Fed's target. Speculation surrounds Friday's nonfarm payrolls report, which could influence market conditions heading into the year's end, as investors are cautious due to recent hurricane impacts on job numbers. Meanwhile, the euro strengthened following higher-than-expected inflation data from the eurozone.
Source: YAHOO