Economic TimesLean R·
Yen squeezed as hawkish turn grips central banks
The yen weakened against a strong dollar as global central banks adopt hawkish stances. Japan's low interest rates contribute to this pressure, despite intervention risks. Other currency pairs remained steady, while cryptocurrencies saw a significant rally. Markets anticipate further rate hikes from the Federal Reserve and Reserve Bank of Australia. The New Zealand dollar also weakened due to its low interest rate environment.
Read at Economic Times →
