The U.S. dollar rallied in Asian trading on Thursday after the Federal Reserve signaled rate hikes later in the year, while China’s and New Zealand’s currencies fell on signs of weakness in those economies. | Reuters
The Bank of Japan follows on Friday, when it is expected to maintain its ultra-dovish stance and yield curve control settings.
The euro lost 0.2 percent to $1.08085, but against Japan’s currency it surged 0.42 percent to 152.34 yen. Japan’s top government spokesperson said on Thursday that volatile currency market moves were undesirable and authorities would take “appropriate” action as needed.
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