The offered stance in the US Dollar (USD) picked up extra pace on Wednesday on the back of another suspected intervention by the BoJ to support the Japanese yen early in the session.
EUR/USD advanced to fresh tops past 1.0900 the figure. The US Dollar accelerated its decline following the BoJ's intervention. The EBC is anticipated to keep its rates on hold on Thursday. The offered stance in the US Dollar picked up extra pace on Wednesday on the back of another suspected intervention by the BoJ to support the Japanese yen early in the session. In this context, the USD Index breached the 104.
Underpinning the above, some Federal Reserve rate setters, including New York's John Williams and Board Governor Christopher Waller, said the central bank is getting closer to decreasing interest rates, while Richmond's Thomas Barkin stated that the United States is on the back end of inflation.
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