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 Poll Reveals Disconnect Between Americans' Economic Perception and Reality READ MORE Inflation Woes from Pandemic Keep Fed's Rate Cuts on Hold READ MORE Housing Costs Fuel Jump in Core US Inflation READ MORE Global Public Debt Reaches $97 Trillion, Developing Nations Struggle READ MORE Egypt's Bold Move: $1 Billion in Treasury Bills Launched READ MORE Add a Comment Cancel replyYour email address will not be published.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