💨 Abstract

The dollar stabilized near five-month lows on Thursday as the Federal Reserve indicated potential interest rate cuts later this year. The Fed, however, expects slower economic growth and higher inflation. Meanwhile, the pound hit a four-month high before the Bank of England's policy decision. The yen strengthened as the Bank of Japan warned of global economic uncertainty, and traders bet on potential rate hikes. Other currencies remained volatile due to uncertainties around U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖