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Asian Currencies Firm as Fed Signals Hold, BOJ Meeting Looms

Asian currencies held steady against a weaker U.S. dollar, which was hit by softer-than-expected inflation data. The yen, however, remained pressured as markets anticipated outcomes from a Bank of Japan meeting. The Federal Reserve left interest rates on hold, projecting only one cut for the year, affecting global currency movements.
New Zealand Kristina Clifton Jerome Powell John Velis Imre Speizer Federal Reserve

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