Dollar strengthens ahead of inflation data: analysts
For the dollar against the yen, the pair gained 0.3% during the day, approaching the level of 152. Rania Gule, analyst at XS.com, writes that the market is concerned about the slow growth of the Japanese economy and low inflation. Despite the Japanese economy's strong performance in the third quarter, the market seems to be cautious about the central bank's willingness to make bold moves in monetary policy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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