The dollar gains strength before a crucial inflation report in the US
Shafaq News/ The dollar approached the significant threshold of 150 yen and maintained stability in anticipation of the release of crucial inflation data in the United States, on Tuesday. Concurrently, the cryptocurrency bitcoin sustained a value around $50,000 for the second consecutive day.
Early Asian trading exhibited limited activity due to the Lunar New Year holiday in China and Hong Kong, as traders prepared for the unveiling of US consumer price data. The dollar was observed trading at 149.39 yen in recent transactions, inching closer to the closely monitored 150 level, which analysts anticipated might prompt additional measures by Japanese officials to fortify the currency.
https://shafaq.com/en/Economy/The-dollar-gains-strength-before-a-crucial-inflation-report-in-the-US
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