💨 Abstract

The dollar weakened against major peers on Wednesday due to cooler-than-expected U.S. inflation data, increasing the likelihood of two Fed interest rate cuts this year. Meanwhile, the yen strengthened after the Bank of Japan's comments, and the British pound saw relief from a cooling in British inflation. Elsewhere, the euro and other currencies remained relatively stable.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖