💨 Abstract

The U.S. dollar fell on Friday due to easing inflation, with personal consumption expenditures price index rising 0.1% in August, matching expectations. Consumer spending also rose 0.2%, indicating continued momentum in the third quarter. The yen strengthened against the dollar after Shigeru Ishiba, a perceived interest rate hawk, was elected as Japan's next prime minister.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖