Reported 5 months ago
On July 17, 2024, the Japanese yen experienced a significant rise, likely due to suspected intervention by Japanese authorities aimed at supporting the currency from its recent lows. In the same day, the British pound climbed to a one-year peak against the dollar, prompted by inflation data that exceeded expectations. The dollar, meanwhile, weakened across the board, reaching a four-month low as investors adjusted their forecasts for U.S. interest rates amid signs of slowing inflation.
Source: YAHOO