💨 Abstract

The Bank of Japan raised rates by 25 basis points and revised up its inflation forecasts, causing the yen to rise. The Australian and New Zealand dollars surged due to U.S. President Trump's softer stance on tariffs against China. Trump's comments also led to a broader dollar fall, with the greenback losing 1.5% for the week. The euro and sterling also saw gains.

Courtesy: theprint.in