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BOJ Rate Hike Weakens Yen, Driving EURUSD Up as ECB Maintains Hawkish Tone

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • BOJ hikes rates to a 30-year high, weakening the yen and boosting the dollar.
  • ECB signals hawkish stance with no imminent cuts.
  • Inflation slows in the US but with data distortions.
  • Markets brace for cautious central bank moves and fiscal stimulus impacts on forex and bond markets.
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Stored market data

EURUSD price history

1.15 -0.86% over the displayed period

Advisor Snapshot

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