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US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations /
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2024-07-04 05:03:32

US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations on Nostr: Japanese Yen Recovers Losses as Softer US Data Reinforce Fed Rate Cuts This Year ...

Japanese Yen Recovers Losses as Softer US Data Reinforce Fed Rate Cuts This Year
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#332a5058 ver:0.54

The Japanese yen is recovering losses against the US dollar as softer US data increases expectations of Fed rate cuts. USD/JPY retreated from its 38-year low, driven by declining US Treasury yields and a 68% chance of a rate cut in September. Traders anticipate possible Japanese government intervention as the Nikkei 225 Index rises. #Forex #USDJPY #FedRateCuts...

#newstr #JapaneseYen #UsDollar #FederalReserve #InterestRateCuts

https://here.news/story/332a5058?ver=0.54
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