GeneralBearishBlockonomi · 3h ago7/10
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Dollar Surges to 12-Month Peak as Yen Plummets to Four-Decade Depths
The U.S. dollar reached a 12-month high above 101 on the dollar index, driven by expectations of Federal Reserve rate hikes, while the Japanese yen weakened to 161.82 against the dollar—its lowest level in four decades. This currency divergence reflects contrasting monetary policy trajectories between the two major economies.