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Yen Dips on BOJ Hike Outlook as Traders Anticipate Fed Rate Cut Impact on EURUSD

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

News Summary

  • Yen weakened amid interest rate differentials and BOJ rate hike expectations.
  • Dollar and other currencies remained rangebound ahead of a highly anticipated Fed rate decision, with the market pricing in a 25-basis-point cut likely to influence short-term USD pairs.
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EURUSD price history

1.15 -0.86% over the displayed period

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