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Global Forex Shift: US Dollar Retreats to 97.50 as Yen Gains on BoJ Hawkishness
Stock Market News· 2026-02-26 03:38
Key TakeawaysThe US Dollar Index (DXY) has fallen to approximately 97.50 as persistent doubts regarding White House trade policies and disappointing Q4 2025 GDP growth of 1.4% weigh on investor sentiment.The Japanese Yen strengthened significantly, pushing the EUR/JPY cross below the 184.50 level following hawkish commentary from Bank of Japan (BoJ) officials regarding potential interest rate hikes.The Bank of Korea (BOK) is evaluating a proposal for the National Pension Service (NPS) to issue dollar-denomi ...