The U.S. dollar was on track for its worst annual performance in over twenty years on Wednesday, as investors anticipated that the Federal Reserve would have the capacity to lower rates further next year, even while some of its counterparts appeared poised to increase them. The greenback remained weak during Asian trading, as a strong Read More
The yen appreciated against the U.S. dollar, reflecting a technical recovery following warnings from Japanese officials about “one-sided and sharp” currency fluctuations. This statement indicated a preparedness to implement necessary measures, which analysts interpreted as a clear indication of potential intervention. The Japanese currency received a boost from a generally weaker dollar, which has faced Read More
