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Yen Slides on Japan Snap Election Hopes; Dollar Dips as Fed Chair Powell Faces Probe

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The Story

News Summary

  • Yen slides to record lows amid potential early Japan election and increased fiscal easing.
  • Dollar weakens due to Trump administration's investigation into Fed Chair Powell, raising concerns about Fed independence and future rate cuts.
  • Euro and sterling gain modestly while uncertainty weighs on USD sentiment.
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EURUSD price history

1.15 -0.86% over the displayed period

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