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Nov 6, 11:57 AM
USD/JPY Rises 1.6% to 154.00, Highest Since July 30; EUR/USD Drops 2.1% to 1.0701, Biggest Drop Since June 2016
Economics
Business

USD/JPY Rises 1.6% to 154.00, Highest Since July 30; EUR/USD Drops 2.1% to 1.0701, Biggest Drop Since June 2016

Authors
  • zerohedge
  • First Squawk
  • Michael J. Kramer
9

The USD/JPY currency pair has risen by 1.6% to 154.00, marking its highest level since July 30, 2024. In contrast, the EUR/USD pair has experienced a significant decline, sliding 2.1% to 1.0701. This drop is noted as the most substantial since June 2016, reflecting a broader trend in currency fluctuations. The euro's decline has been characterized as the largest slide since March 2020, indicating heightened volatility in the foreign exchange market.

Written with ChatGPT (GPT-4o mini).

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