Dollar Surges As Yen And Euro Tumble
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The Dollar Index surged overnight due to significant selling of the Yen and Euro, driven by political developments in Japan and France. In Japan, Sanae Takaichi’s unexpected victory in the LDP leadership election, making her the new Prime Minister, sparked Yen weakness as her pro-stimulus policies are seen as a barrier to Bank of Japan rate hikes.
Video Length: 00:01:22
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