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Dollar Soars as Yen Plummets | Business and Finance News
Description
The US dollar surges to a 13-month high as the Japanese yen plummets to its lowest since 1986, sparking global capital flight toward dollar assets. With the Fed poised for at least one rate hike this year—and possibly another by March—investors are betting on higher yields, boosting demand for Treasuries and the dollar. Persistent inflation, especially in the Fed’s preferred PCE index, fuels rate expectations, while the AI-driven tech boom is drawing foreign investors hungry for US stocks—and the dollars needed to buy them. Despite looming economic headwinds, the greenback looks strong right now.
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