💨 Abstract
The article reports that the dollar weakened on Friday due to a cooling of U.S. inflation, as indicated by the personal consumption expenditures (PCE) price index which rose 0.1% in August. The yen strengthened against the dollar after former Japanese defense minister Shigeru Ishiba was set to become Japan's next prime minister. Ishiba is a critic of past monetary stimulus.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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