The US dollar exchange rate approaches an 11-week low, with third-quarter economic growth providing only brief support.
ChainCatcher News, according to Golden Ten Data, the US dollar index against a basket of currencies is approaching an 11-week low, as the market expects Japan to take intervention measures to support the yen. Japanese Finance Minister Katayama Kazuki stated that the government is prepared to respond to excessive exchange rate fluctuations. Data released on Tuesday showed that US economic growth in the third quarter exceeded expectations, providing the dollar with an initial but brief support. AJ Bell analyst Danni Hewson pointed out that these data only reflect past conditions, and investors will enter the new year with more questions than answers.
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