Alain drops to 40-year low as dollar weakens
The Japanese yen’s exchange rate dropped to its lowest level since 1986, reaching 162.41 against the dollar. Meanwhile, the US dollar pulled back from its 13-month high ahead of upcoming US employment data that could influence interest rate expectations. The euro also hit a one-year low at 1.1403 dollars, and the Australian dollar declined to a three-month low at 0.6867 dollars. The British pound experienced a slight decline to 1.3237 dollars.
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