Yen Jumps on Rate Hike Speculation
Marc Chandler
November 27, 2024
Overview: The US dollar has a softer profile today. All the G10 currencies are higher, led by 1%+ surge in the yen amid heightened speculation of a rate hike next month, while the US 10-year yield is near 4.25% today, the lowest since the election. Although the Reserve Bank of New Zealand allows for another half-point cut after delivering the seco…
Yen Jumps on Rate Hike Speculation
Reviewed by Marc Chandler
on
November 27, 2024
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