Global Currency Shifts: Dollar Rises, Yen Struggles, and Europe Reacts On Wednesday, the dollar regained some strength, buoyed by diminished expectations for Federal Reserve rate cuts, while the yen continued its decline, prompting Japanese officials to intensify warnings about potential interventions to support the currency. As the yen hit a 34-year low, dropping to around 160 yen against the dollar, Japan reportedly spent about $60 billion last week in efforts to stabilize it. Meanwhile, in Europe, the Swedish crown weakened following a rate cut by its central bank, which also anticipates two additional reductions this year, and the British pound remained low as markets awaited the Bank of England’s upcoming meeting. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts T+1 Transition Troubles: How the Fast Pace of US Stocks Could Disrupt Currency Trades READ MORE "I Believe There's Another Banking Crisis, Probably Before the Election" Mike Maloney READ MORE Billionaire Investor Palihapitiya: Misleading GDP Components Mask Economic Downturn READ MORE Green Bonds Gleam with Promise as Interest Rates Set to Tumble READ MORE World Gold Council Survey: 29% of Central Banks to Increase Gold Holdings in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment