💨 Abstract

The US dollar reached a six-week high against the yen on Thursday as strong US job market data reinforced expectations of no immediate interest rate cuts by the Federal Reserve. The yen weakened after Japan's new Prime Minister stated that the country is not prepared for additional rate hikes. The euro remained near a three-week low, with the European Central Bank seen cutting interest rates this month.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖