💨 Abstract

The U.S. dollar weakened against the yen on Thursday as investors considered labor market weakness and a slight rise in consumer prices, signaling the Federal Reserve may continue reducing interest rates. The consumer price index increased 0.2% in September but grew 2.4% year-on-year, which is the smallest annual increase since February 2021. Additionally, the number of Americans seeking unemployment benefits increased last week.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖