Currencies

Currencies

Asia FX dithers as dollar steadies before Powell speech; yen muted after CPI data By Investing.com

Investing.com-- Most Asian currencies weakened slightly on Friday, while the dollar steadied after recent gains as traders awaited more cues on U.S. interest rates from Federal Reserve Chair Jerome Powell.  The Japanese yen retreated after data showed consumer inflation cooled in July. But underlying inflation remained sticky, limiting declines in the yen and keeping speculation over the Bank of Japan’s rate hikes in play.  The yen, along with broader Asian currencies, was headed for weekly losses amid cooling bets that the Fed will cut interest rates in September. This notion benefited...
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