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Forex

Dollar Falls to Lowest Since May Amid Yen Surge and Waller Comments

Guavy AI Editorial Team
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USD
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The US dollar hit its weakest level since May after Federal Reserve Governor Christopher Waller's comments on inflation progress. This news, combined with a surge in the yen against major counterparts, led to the dollar's decline.

The Bloomberg Dollar Spot Index fell by 0.6% on Thursday, marking its worst day in over two weeks. The yen was at the forefront of gains among peers in the Group of 10, rising about 2% versus the greenback.

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