The U.S. dollar continued Friday on track to record its best weekly performance in over a month, while the Japanese yen fell to levels near a ten-month low, though it received some support from Japanese officials intervening to stem the currency’s decline.اضافة اعلان
The yen rose slightly against the dollar by 0.2% to 157.12 yen per dollar, but remained close to its ten-month low of 157.90 yen recorded Thursday, implying an expected weekly loss of around 1.6%, according to CNN.
In broader markets, the dollar maintained weekly gains as investor expectations for potential Federal Reserve interest rate cuts next month diminished.
The Dollar Index, which measures the U.S. currency against a basket of other major currencies, climbed to 100.07, marking its strongest weekly performance in over a month, with anticipated gains exceeding 0.8%.
The yen fell…
