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US Dollar Plummets against Yen as BOJ Rate Hike Bets Rise
The US Dollar plummeted against the Japanese Yen to 155.60 from 157.37. Rising expectations of a BOJ rate hike at their policy meeting next week weighed on the Greenback. The Japanese currency outperformed, climbing against other FX pairs, such as the Euro, Sterling and Australian Dollar. The AUD/JPY cross pair plunged 1.17% to 102.95 from 104.05 yesterday. In the US, the withdrawal of US President Joe Biden paved the way for Vice President Kamala Harris as the Democratic nominee. Odds still favored a victory for Republican rival, Donald Trump. The Dollar Index (USD/DXY), which measures the value of the Greenback ... (full story)
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- Jul 25, 2024 8:27am Jul 25, 2024 8:27am
- Delawareman
- | Joined Jul 2024 | Status: Member | 2 Comments
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- Posted: Jul 25, 2024 2:55am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 2,733
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