💨 Abstract

On Thursday, the US dollar weakened against the yen after a higher-than-expected rise in U.S. inflation and a surge in jobless claims. The Consumer Price Index rose 0.2% in September, and the unemployment rate increased, prompting traders to expect a 90% chance of a 25 basis point interest rate cut by the Federal Reserve in November.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖