Dollar droops ahead of crucial CPI test; yen under pressure
===============
#b9c27144 ver:1.17
The Japanese Yen weakens against the US Dollar as investors worry about rising inflation and a contracting economy. The outlook for the Yen will be guided by Q1 GDP data, while the US Dollar will be influenced by inflation and retail sales data. The Yen extends its downside despite concerns over the US labor market. The US Dollar Index is slightly down, and the Yen retraces its downside move. The long-term trend for the Dollar remains positive. The yuan also weakens after tariff increases on Chinese imports. Overall, the currency market remains volatile. #forex #inflation #economy...
#newstr #JapaneseYen #UsDollar #Inflation #ForeignExchange #Economy
https://here.news/story/b9c27144?ver=1.17
US Dollar Forecast: Focus Shifts from Risk Rally to the Fed, NFP /
npub12z…e8pry
2024-05-15 06:05:48
Author Public Key
npub12zxvvg9lj9wgdmv62y09kun8scpnp9qkqdk2v73kj377c829v2mqqe8pryPublished at
2024-05-15 06:05:48Event JSON
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"content": "Dollar droops ahead of crucial CPI test; yen under pressure\n===============\t\n#b9c27144 ver:1.17\n\nThe Japanese Yen weakens against the US Dollar as investors worry about rising inflation and a contracting economy. The outlook for the Yen will be guided by Q1 GDP data, while the US Dollar will be influenced by inflation and retail sales data. The Yen extends its downside despite concerns over the US labor market. The US Dollar Index is slightly down, and the Yen retraces its downside move. The long-term trend for the Dollar remains positive. The yuan also weakens after tariff increases on Chinese imports. Overall, the currency market remains volatile. #forex #inflation #economy...\n\n#newstr #JapaneseYen #UsDollar #Inflation #ForeignExchange #Economy \n\n https://here.news/story/b9c27144?ver=1.17",
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