Yen Stabilizes as Dollar Weakens Amid Chinese Economic Stimulus

Reported 8 days ago

The euro gained ground following German inflation data while commodity currencies rose on renewed optimism for China's economic recovery. The Japanese yen steadied despite recent political developments. The U.S. dollar continued to hover near a one-year low, influenced by upcoming non-farm payroll data and expectations of significant monetary easing from the Federal Reserve. China's stimulus measures bolstered the Australian and New Zealand dollars, leading to their highest values in over a year.

Source: YAHOO

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