Asia FX gains, dollar at 6-week low as Fed pause bets soar
Investing.com-- Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates.
Governor Kazuo Ueda furthered this notion on Monday, stating that while progress was being made towards reaching the bank’s 2% inflation target, it was still insufficient to justify a pivot away from the BOJ’s ultra-loose policy.
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