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Currency Movement Amid Economic Data
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Ackman Warns of Hard Landing
Ackman's Early Rate Cut Prediction
Ackman's Warning of Hard Landing
2024 Rate Cuts Delayed Amid Economic Str...
Asia High Yield Bonds Surpassing
Central Banks Set to Shift
Overview
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The dollar weakened against the euro and yen due to poor U.S. economic data and cautious BOJ statements. U.S. manufacturing decline and reduced construction spending impacted the dollar, with market attention on potential Fed rate cuts. Euro zone inflation data and ECB's rate decisions were key. BOJ's focus on inflation and wage outlook influenced the yen, alongside Bitcoin price fluctuations.
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How does central bank caution impact investor sentiment and currency stability?
How might the dollar and yen trends evolve with changing economic indicators?
What implications could Fed rate cuts have on global financial markets?
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