The Dollar Fluctuates Under Financial Uncertainty

The financial markets are witnessing noticeable fluctuations in the performance of the dollar as it grapples with the pressures arising from the lack of clarity regarding the path of US interest rates.
This fluctuation accelerates amid current economic and financial events, creating a state of instability in the market.

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Japanese Yen

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With the closure of the US markets due to Thanksgiving, Friday is considered a short trading session,
leading to reduced trading volume and increased volatility.
The dollar index, measuring the performance of the US currency against six major currencies,
has decreased, remaining close to its lowest level in two and a half months.

Attention is now turning to developments within the US Federal Reserve,
where the decline in the index over the month indicates growing expectations that
the period of interest rate hikes may be coming to an end,
possibly marking the beginning of a reduction phase next year.

On the other hand, the euro has gained additional ground, reaching $1.0904.
The euro receives support from positive data suggesting that the recession in Germany may be less than expected,
partially offsetting concerns about business performance in France.

Japanese Yen

In the same context, Japan has experienced a slight improvement in the core consumer price index in October,
reinforcing expectations of a reduction in monetary stimulus by the Bank of Japan.
Economic experts believe that the Bank of Japan may abandon its overly accommodative stance next year,
leading to a slight increase in the Japanese yen.

In another context, the British pound recorded a slight increase to $1.2539,
while the Australian dollar and New Zealand dollar saw slight gains,
continuing the prevailing uncertainty in global markets.

The Dollar Fluctuates Under Financial Uncertainty

The Dollar Fluctuates Under Financial Uncertainty

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