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Yen hits two-week high on dovish Fed expectations; yuan rallies

September 16, 2020

The Japanese yen inched higher on Wednesday as traders bet an ultra-accommodative U.S. Federal Reserve would weigh on the U.S. dollar, while the Chinese yuan extended gains one day after data pointed to better prospects for the world's No. 2 economy.

Source: https://www.cnbc.com/2020/09/16/forex-markets-japanese-yen-dollar-federal-reserve.html
 
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