💨 Abstract

On Monday, the dollar strengthened, with the euro and New Zealand dollar close to multi-year lows, due to a strong U.S. jobs report and expectations of less aggressive Fed rate cuts this year. The Australian dollar also remained weak. The U.S. dollar index was near its highest since November 2022. The yen weakened, but the decline was mitigated by the possibility of Bank of Japan policymakers raising their inflation forecast.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖