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business4h ago
Dollar firms, yen steady as markets weigh Iran war, split BOJ decision
- The dollar strengthened while the yen remained steady after the Bank of Japan held rates at 0.75%.
- The 6-3 BOJ vote widened the internal divide, sparking expectations of a potential June rate move.
- Investors awaited the Fed chair transition and Warsh’s confirmation amid expectations for rate policy discussions.
- Oil priced higher as risk-off sentiment supports the dollar and energy disruptions weigh on inflation risk.
- The U.S. 10-year yield rose, signaling firmer rates in response to shifting risk dynamics.
- The euro and dollar movements reflected ongoing risk-off correlations tied to the Iran conflict.
- The Fed meeting and Warsh nomination are shaping rate-cut expectations for later this year.
- The dollar index edged higher as markets priced in a tighter near-term path for policy.
- The British pound and Canadian dollar retreated modestly ahead of their central-bank decisions.
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