Oddbean

Dollar regains momentum as yen struggles ========== The dollar is gaining momentum as the yen struggles, with the yen edging away from its peak of 151.86 per dollar last week. Analysts believe that any intervention from Japanese authorities to prop up the yen would only provide temporary relief, as the interest rate differentials between the US and Japan remain. The central bank of Japan will scrutinize the impact of yen moves on inflation in guiding monetary policy, while the country's finance minister has warned of responding to excessively volatile moves in the yen. The dollar is also being influenced by the pace and timing of Federal Reserve rate cuts, with expectations that rates will be lower by the end of the year. The Australian dollar fell due to a less hawkish outlook from the Reserve Bank of Australia. The greenback is steady against a basket of currencies, and investors continue to monitor the Fed's stance on rate cuts. #Dollar #Yen #FederalReserve #InterestRates #Inflation #MonetaryPolicy #CurrencyExchange https://m.economictimes.com/markets/forex/dollar-regains-momentum-as-yen-struggles/articleshow/109932579.cms