💨 Abstract

The dollar stabilized on Thursday, while the yen hit a one-month high due to increased expectations of a Bank of Japan rate hike next week. The yen gained about 1.2% in two sessions, with a 78% chance of a 25 basis point increase. The euro and dollar index remained steady, and there was little direct reaction to the Gaza ceasefire. Core U.S. inflation was 0.2%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖