Global Markets Shift: Dollar Eases, Yen Hits Record Low
Update: 2025-11-13
Description
November 13th saw significant shifts in global markets, with the US dollar easing after Trumps shutdown deal and the Japanese yen hitting a record low against the euro. The pound briefly dipped before recovering, while the Australian dollar reached a two-week high due to a steeper drop in unemployment. Volatility is expected in the coming days due to a backlog of economic data, and the yens weakness may force Japan to accept Bank of Japans rate hikes. In Europe, the euro traded higher against the dollar, while Australian traders cut bets for a December rate cut to six percent following solid economic data.
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