Dollar Surges as Bank of Japan Maintains Monetary Easing Amid Global Market Volatility ...Middle East

The dollar strengthened on Wednesday, gaining up to 2% against the yen following comments by Bank of Japan Deputy Governor Shinichi Uchida. Uchida stated that the central bank would not raise interest rates due to the current instability in financial markets. This sent the yen down over 1.5%, trading at 146.70 per dollar, after hitting session lows of 147.50.

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