Published 07:47 IST, May 8th 2024
Dollar gains amid Fed rate cut speculations, Japan’s Yen dips
The offshore yuan retreated from a more than three-month high recorded last week, supported by expectations of additional policy stimulus from Beijing.
![Emerging market currencies feel pressure due to a strong dollar and concerns over sustained US interest rates.](https://img.republicworld.com/tr:w-800,h-450,q-75,f-auto/rimages/62-171404149729716_9.webp)
Representative | Image:
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07:47 IST, May 8th 2024