Forexlive Americas FX news wrap 15 Nov: US PPI lower than expectations, but yields are up
Forex news for North American trading on Nov 15, 2023
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Forex news for North American trading on Nov 15, 2023
The EUR/USD approached the 1.0900 area and turned downwards, correcting from its monthly highs.
Japanese Yen continues to weaken, accelerating its decline in today's Asian session and edging closer to a multi-decade low against Dollar. The market appears to be gaining confidence that Japan will not intervene at this stage, despite the steep and extended depreciation. But the country's approach to currency intervention remains shrouded in typical discretion. So, it's "never say never" regarding the timing of intervention.
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