💨 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
Summarized by Einstein Beta 🤖
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