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1. "Brexit: Pound Falls to 30-Year Low Against Dollar" 2. "U.S. Dollar Falls to Lowest Level Since 2018 Against Euro" 3. "U.S. Dollar Hits New High Against Peso as Mexico's Economy Struggles" 4. "China's Currency Strengthens Against U.S. Dollar as Trade War Intensifies" 5. "Euro Slumps Against Chinese Yuan as Trade War Continues" 6. "Dollar Rises Against Japanese Yen on Strong Economic Data" 7. "Pound Jumps Against Dollar as Brexit Talks Resume" 8. "Australian Dollar Falls to Lowest Level in More Than a Decade Against U.S. Dollar" 9. "U.S. Dollar Rises Against Canadian Dollar on Improved Trade Outlook" 10. "U.S. Dollar Declines Against British Pound After Bank of England Meeting"
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GBP/JPY trades a tenth of a percent lower on Friday, at just above 191.000, as converging UK-Japan interest rate expectations reduce the advantage for investors of holding the Pound Sterling (GBP) over the Japanese Yen (JPY), weighing on the exchange rate.
The AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. Earlier this week, the Australian dollar faced significant challenges, with a sharp decline against the USD. Efforts to stabilise the exchange rate have seen limited success thus far.
One answer supports what Chicago Federal Reserve President Austan Goolsbee has labeled a "golden path" where strong growth and falling inflation coexist, not only in the U.S. but in other countries tied to it through exchange rates and trade channels that have kept imports near record highs Get more World Economy News and Business News on Zee Business.