Dollar weakens, yen strengthens as Fed rate cut anticipation grows
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NewsTranscript
00:00The dollar declined and the yen reached its highest point in over a year as market participants
00:05grew more anticipatory of a significant rate cut by the Federal Reserve later this week.
00:11The dollar index, which tracks the currency's performance against six other currencies,
00:16decreased by 0.3 percent to 100.69. Moreover, investors are anticipating the Bank of Japan's
00:23interest rate decision on Friday, where it is expected to maintain its short-term policy rate
00:29target at 0.25 percent following two rate hikes earlier this year.