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Dollar steady, yen fragile after Fed comments dash rate cut bets
short by Kalpesh / on Wednesday, 17 April, 2024
The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from Federal Reserve officials, including Chair Jerome Powell, suggested U.S. interest rates are likely to stay higher for longer.Top US central bank officials, including Powell, avoided indicating a rate cut timeline, stressing the need for prolonged restrictive monetary policy
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