Greenback consolidates gains in forex trading
The Japanese yen is lower against the U.S. dollar in currency trading on the FX market today, following yesterday’s Fed announcement. The announcement pointed out that deflation was not much of a concern, and that inflation remains rather flat. The news prompted the greenback to gain in forex trading against major currencies.
Today, the U.S. dollar is consolidating some of its gains in currency trading. The yen has moved lower as the dollar retains the upper hand. Dollar is also higher against the U.K. pound. However, the greenback has lost ground to the euro in forex trading.
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