Asian currencies were
firm on Thursday against a dollar knocked by
softer-than-expected U.S. inflation, save for the yen which
remained squeezed ahead of a Bank of Japan meeting and as.
Dollar Slips on Cooler US Inflation; Yen Fragile Ahead of BOJ usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Asian currencies held steady against a weaker U.S. dollar, which was hit by softer-than-expected inflation data. The yen, however, remained pressured as markets anticipated outcomes from a Bank of Japan meeting. The Federal Reserve left interest rates on hold, projecting only one cut for the year, affecting global currency movements.
The Reserve Bank has held the Official Cash Rate (OCR) unchanged at 5.5 per cent, saying inflation is falling and should be back at target by the end of.
The Reserve Bank has held the Official Cash Rate (OCR) unchanged at 5.5 per cent, saying inflation is falling and should be back at target by the end of.