Investing.com– Most Asian currencies kept to a tight range on Thursday, taking little advantage of a drop in the dollar as the Federal Reserve said interest rates were unlikely to fall in the near-term, although they were also unlikely to rise.
This kept a rebound in the Japanese yen short-lived, with the currency weakening sharply after seeing strong gains on Wednesday. Traders said the yen’s rebound this week appeared to be driven by government intervention in currency markets.
The dollar sank from near six-month highs after the Fed’s comments, but steadied in Asian trade. The prospect of U.S. rates…
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