Asia FX Fluctuates as Dollar Surges to 5-Month High amid Hot CPI Data
Key Takeaways: π² Asian currencies weakened due to hotter U.S. inflation data and strong dollar π Expectations for a June rate cut by the Federal Reserve diminished π¨π³ Soft inflation readings from China impacted sentiment π―π΅ Japanese yen slightly strengthened, with concerns over potential currency intervention π Chinese yuan remained close to five-month highs π … Read more