💨 Abstract

The dollar weakened on Thursday, with the yen hitting a one-month high, as cooling U.S. inflation data reduced expectations for Federal Reserve rate hikes. This coincided with increased speculation of a Bank of Japan interest rate increase next week. The euro remained steady, while the Australian and New Zealand dollars made gains against the greenback. The dollar index fell for a fourth consecutive day, but remained 0.5% firmer in January.

Courtesy: theprint.in