Asian currencies mixed as dollar steadies, yen holds strong weekly gain
Asian currencies saw mixed performance on Friday as the U.S. dollar steadied, while the Japanese yen hit a one-month high and was set for its strongest weekly gain since late July. Federal Reserve Governor Christopher Waller's comments cooled expectations for a September rate hike, contributing to a 0.7% weekly decline for the U.S. dollar index.
The euro and pound were also firmer, leaving traders to focus on upcoming U.S. payrolls data for further clues on the Fed's next move. The yen's rally was attributed to expectations of a more hawkish stance at Japan's upcoming Bank of Japan (BOJ) meeting, though investors noted there was no clear evidence of official intervention behind the recent gains.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
