Dollar Rallies After Volatile Week; Yen Hovers Near Historic Lows After a notably turbulent week in currency markets, the dollar experienced gains against the euro and yen, propelled by ongoing assessments of policy and geopolitical developments. As traders keep a close watch on the yen ahead of the Bank of Japan’s policy review, the currency teeters near a 34-year low against the dollar, sparking speculation about potential intervention. Meanwhile, despite a recent retreat from five-month highs, the dollar’s trade-weighted index remains above 106, influenced by Federal Reserve officials’ comments and recent inflation data, which have tempered expectations for imminent rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts JPMorgan Chase CEO Jamie Dimon Remains Cautious on the U.S. Economy READ MORE STOCK BUBBLE: You Need To See This Data – 1929 Again? READ MORE House Republicans Push Bill to Restrict Federal Reserve's Digital Currency Plans READ MORE The Silver Institute: Demand Soars to Near-Record Highs in 2024 READ MORE Crude Futures Decline as Israel Holds Back from Retaliating Against Iran READ MORE Add a Comment Cancel replyYour email address will not be published.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