ECONOMY & MARKETS

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The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year

Yen Rebounds After Hitting 34-year Low Past 160 Per Dollar

It touched 160.17 in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step in to support their currency for the first time since 2022. But it briefly bounced to 155.05, with Bloomberg reporting that the move suggested investors were weighing the prospect that officials would step in.
A man walks past a bitcoin poster in Hong Kong on April 15, 2024

Bitcoin And Crypto Price Review - Another Myth Gets Busted?

Bitcoin enthusiasts always have myths to defend the digital currency and its peers. One of the myths held in the early days was that Bitcoin is a hedge against inflation, as it isn't subject to the manipulation of central governments.

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