💨 Abstract

The U.S. dollar reached a 10-week high against the yen on Thursday due to growing market confidence in the Federal Reserve's patient approach to further monetary easing. The dollar index also remained close to a two-month high, as traders reduced expectations for U.S. rate cuts this year following strong job data. The euro was near its lowest since Aug. 13 against the dollar. The U.S. dollar touched 149.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖