The dollar index fell 0.25% after rising to a high of 108.25 on Wednesday.
He global dollar fell this Thursday, a day after rising to a two-year high after the United States Federal Reserve (Fed) shook markets by signaling a much slower pace of rate cuts in 2025, while the yen slid after the Bank of Japan (BOJ) kept rates unchanged.
The coins from around the world fell on Wednesday after the decision of the Fed will boost the dollar, although many recovered on Thursday in volatile trading conditions with reduced volumes ahead of the festive period.
The BOJ kept interest rates steady as expected, but the yen fell sharply as Gov. Kazuo Ueda He did not give many details at a news conference after the meeting, Reuters reported.
He dollar rose 1.4% against the yen to 157.16, its highest level since July. Investors had been watching for signs of an imminent rate adjustment by the BOJ, particularly after the Federal Reserve adopted an aggressive tone in their meeting the day before.
But the governor reiterated that policymakers will need more time to evaluate new economic data and the implications of the US president-elect’s policies. Donald Trump.
“I think the market was anticipating that the furthest they could go today would be an aggressive stance,” said Jane Foley, head of foreign exchange strategy at Rabobank. “But some of the comments Ueda has made could perhaps be interpreted as not very aggressive. For example, that he is waiting to see the data on wage momentum in the spring wage negotiations,” he added.
In the broader market, the Federal Reserve’s fallout continued to ripple through markets after traders sharply lowered their expectations for flexibility for next year. The dollar index fell 0.25% after rising more than 1% on Wednesday to reach a high of 108.25.
Source: Ambito
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