Dollar Weakens and Yen Holds Steady Amid Economic Data

Thursday, 4 April 2024, 08:08

The dollar reached a one-week low due to expectations of rapid rate cuts in the U.S., while the yen remained relatively stable against other major currencies. A surprise deceleration in U.S. services growth caused the dollar to decline the previous day. The market is closely watching upcoming U.S. jobs data for further insights on the economic landscape.
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Dollar Weakens and Yen Holds Steady Amid Economic Data

Recent Developments in the Currency Market

The dollar reached a one-week low on Thursday as economic data pointed towards potential rate cuts in the U.S. The yen remained steady against other major currencies. An unexpected slowdown in U.S. services growth influenced the movement of the dollar on Wednesday.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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