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August 15, 2024

Dollar Drifts as Ebbing US Inflation Sets Stage for Rate Cuts

The dollar was soft on Thursday, with the euro perched near an eight-month high after data showed US inflation was slowing, underpinning wagers that the Federal Reserve could lower borrowing costs next month.

The dollar index, which measures the US u…

Japan’s Economy Expanded in Two Quarters in April-June Period

Newly released GDP figures show Japan’s economy expanded for the first time in two quarters in the three months through June.

The Cabinet Office said on Thursday that preliminary data shows gross domestic product grew by an annualized 3.1 percent in …