💨 Abstract
The Bank of Japan raised rates by 25 basis points and revised up its inflation forecasts, causing the yen to rise. Meanwhile, U.S. President Trump's suggestion of a softer stance on tariffs against China led to a surge in the Australian and New Zealand dollars. Elsewhere, the dollar fell after Trump's comments, with the euro and sterling gaining. Trump also ordered the creation of a cryptocurrency working group.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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