Dollar softens, yen set for weekly fall as US recession worries fade

Q: How long will it take to read this news story?

The story "Dollar softens, yen set for weekly fall as US recession worries fade" has 782 words across 26 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Dollar softens, yen set for weekly fall as US recession worries fade" was covered 20 hours ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 29 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22106109</li><li>URL: https://beamstart.com/news/dollar-softens-yen-set-for-17238258766023</li></ul>

Channel News Asia Logo Channel News Asia 20h ago

Dollar softens, yen set for weekly fall as US recession worries fade - Channel News Asia

Quick Summary:

NEW YORK :The dollar fell against the yen on Friday, and was softer against other peer currencies after disappointing U.S.housing numbers, as investors sifted through economic data to gauge the Federal Reserve's appetite for interest-rate cuts.U.S.

The currency surged to as strong as 141.675 yen per dollar on Aug.5 as the Bank of Japan's surprise rate hike, combined with the flare-up in U.S.recession worries, sparked an aggressive unwinding of yen-financed carry trades.

Still, the yen looked on course for its biggest weekly decline since June after U.S.economic data eased fears of a recession and supported bets of gradual rate cuts.