Financial Insights That Matter
Good morning. Pushback against a stronger dollar, the ongoing rate-cut debate and UBS plans more job cuts. Here’s what people are talking about.
Asian stocks were cheered early Thursday as authorities pushed back against a stronger dollar. The yen and won gained against the greenback following a joint statement from US Treasury Secretary Janet Yellen alongside the finance ministers of Japan and South Korea that noted “serious concerns” about the depreciation of the two Asian currencies. Japan’s top currency official Masato Kanda also flagged a reaffirmation of existing currency commitments by the finance ministers of G-7 nations.
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