Yen Wobbles Near 40 Year Low As Dollar Pauses For Breath
Economic Times
The yen hovered near a 40-year low against the dollar as U.S. inflation data met expectations, leading traders to scale back bets on Federal Reserve rate hikes
. Mixed signals from Fed officials on the policy path ahead also contributed to the currency's weakness. Despite a slight pullback, the dollar remains strong, poised for its first back-to-back weekly gain since February.
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