By Ankur Banerjee
SINGAPORE (Reuters) – The dollar was broadly steady on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates this year, while the yen lurched lower after last week’s suspected intervention fuelled wild ride.
The yen had clocked last week its strongest weekly gain since early December 2022 following two bouts of suspected interventions from Tokyo to pull the currency away from a 34-year low of 160.245 per dollar. It gained 3.5% in the week.
On Monday, the yen was broadly lower, slipping 0.63% to 153.95 per U.S. dollar, down 0.60% to 192.62 per pound and…
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