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Dollar firms, yen skids as Fed cut wagers crumble
short by Kalpesh / on Thursday, 11 April, 2024
The dollar was firm on Thursday after hotter-than-expected U.S. inflation data squashed lingering expectations of the Fed starting its rate-cutting cycle in June, while the yen languished at the levels last seen in the middle of 1990.Kyle Rodda, senior financial market analyst at Capital.com, expects Tokyo authorities to keep talking tough and intervene if things look disorderly.
read more at Investment Guru