💨 Abstract

The yuan weakened on Wednesday as U.S.-China trade tensions dented Chinese markets. The yen strengthened against the dollar as traders raised their bets on Bank of Japan rate hikes this year. The dollar index fell, mainly due to the yen, while the euro and pound climbed slightly. Japanese wage data boosted the yen and hinted at further BOJ rate hikes.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖