Reported 9 months ago
The Japanese yen slightly rose from a multi-decade low against the U.S. dollar as U.S. economic data showed signs of weakness, causing the dollar to retreat. The yen had fallen significantly due to interest rate differentials between the U.S. and Japan, leading to worries about potential intervention by Japanese authorities. Meanwhile, other currencies like sterling and euro also experienced fluctuations, with the euro facing pressure from political turmoil in the Eurozone. The dollar index fell, while the Swedish crown weakened after the central bank hinted at possible rate cuts.
Source: YAHOO