The yen garnered support from a decline in Treasury yields amid bets the US Federal Reserve will slow the pace of interest rate hikes but may keep rates high for longer.
While investors have been anticipating the Fed will soon slow its tightening pace, recent upbeat US employment, services and factory data have added to investor uncertainty over the policy outlook. “The FOMC may step down the pace of its rate hikes to 50bp next week, but unless inflation decelerates consistently, upside risks to FOMC policy remain.”
Is tough there by Phala Phala
We are waiting for the collapse of this monster currency for good.
President Ramaphosa has taken parliament to court over dollars that he admitted that were found in his PhalaPhalaFarmGate ...niyayazi iMovie ? South Africa is a movie 🤣🤣
The Federal Reserve probably aims to decrease spending in the future with an outlook to shave off the economic downturn caused by the stagnant inflation.
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