Yen Strengthens as Traders Scale Back Fed Rate Hike Bets
US, Aug 17 : The Japanese yen strengthened modestly against the US dollar on Monday as investors reduced expectations of another Federal Reserve interest rate increase this year, even as fresh data showed Japan’s economy expanded at a slower than expected pace.
The yen rose 0.2% to 159.055 per dollar, putting the currency on course for a second…
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