💨 Abstract

On Thursday, the Japanese yen reached an eight-week high against the US dollar, following comments by a Bank of Japan member advocating for continued interest rate hikes. Meanwhile, the British pound dropped 1% to $1.2376 as the Bank of England eased policy and forecast higher inflation and weaker growth. The US dollar hovered near its lowest level since the start of last week, with investors considering the possibility of a global trade war being avoided.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖