Yen weakens after BOJ holds rates steady, Fed boosts dollar
Update: 2025-10-30
Description
**Summary:**The Japanese yen plummeted against the US dollar on October 30th as the Bank of Japan maintained its interest rates and showed reluctance to raise them soon. The Federal Reserve, led by Jerome Powell, also dampened rate cut expectations, causing the dollar to surge. The euro and British pound softened due to the European Central Bank's and Bank of England's inaction, respectively. Bitcoin also took a hit amid market uncertainty. Investors are now cautiously awaiting further signals from central banks before making significant market moves.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
