Reported 4 days ago
The Japanese yen strengthened on Monday following positive GDP data, while the Australian and New Zealand dollars remained stable in anticipation of upcoming rate decisions. The yen was up 0.27% against the dollar, with traders now expecting further rate hikes from the Bank of Japan. In contrast, the U.S. dollar faced pressure due to disappointing economic data, leading to expectations for more Federal Reserve rate cuts. The Australian dollar edged up ahead of the Reserve Bank of Australia's decision, while the kiwi also showed slight gains before the Reserve Bank of New Zealand's meeting.
Source: YAHOO