The U.S. dollar weakened on Wednesday following inflation data that matched expectations, reinforcing investor bets that the Federal Reserve will lower interest rates next month. The decline came amid ongoing political tensions over President Donald Trumps efforts to expand his influence over key U.S. institutions, which further weighed on the currency.
The minutes of the Bank of Japans latest monetary policy meeting, released on Tuesday, revealed that committee members remain optimistic about the countrys economic recovery continuing at a steady pace, despite some signs of a slight slowdown in growth.
Gold prices rebounded on Thursday after hitting a one-month low in the previous session, as renewed trade tensions and uncertainty triggered a fresh wave of demand for safe-haven assets.
The Bank of Japan BOJ announced on Thursday that it would maintain interest rates at their current levels, a
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