The US economy was hit by both slowing growth and high inflation, and the pressure on the Federal Reserve increased dramatically

US economic growth slowed significantly in the first quarter, falling short of market expectations, raising concerns about the Federal Reserve's austerity policy.

Zhitong FinanceApr 25 09:22 ET

The initial real GDP value of the US in the first quarter was 1.6%, the lowest in two years, and core PCE prices accelerated for the first time in a year

Economic growth unexpectedly “exploded,” and core inflation was stubborn. After the data was released, traders expected that the Fed's first interest rate cut would be postponed until December, and that the Fed would only cut interest rates by about 35 basis points for the whole of 2024, far lower than the forecast at the beginning of the year.

wallstreetcnApr 25 09:18 ET

Japanese Yen Hits 34-Year Low: What Are the Potential Winners and What's Next?

On April 24th, the Japanese yen continued its slump against the US dollar, breaching the key level of 155 for the first time since June 1990, marking a new 34-year low.

Moomoo News GlobalApr 25 09:05 ET

Tomorrow's exchange rate forecast = focus on the results of the Bank of Japan meeting and Governor Ueda's press conference

The dollar-yen exchange rate in the foreign exchange market from tonight to tomorrow is likely to unfold based on the results of the Bank of Japan monetary policy meeting and Governor Ueda Kazuo's press conference. The forecast range is 1 dollar = 155 yen 00 yen to 156 yen 20 sen. First, the preliminary US real gross domestic product (GDP) figures for the January-March period to be announced tonight Japan time are attracting attention. If the content shows the solidity of the US economy, upward pressure on long-term US interest rates will increase, and the dollar-yen exchange rate will be boosted from an optimistic view of US interest rates.

MinkabuApr 25 05:56 ET

USD/JPY Breaches 'Line in the Sand' Ahead of BoJ Meeting

DailyFXApr 25 04:10 ET

[Future outlook] The dollar yen is at a depreciation level of over 155 yen, and today's US GDP bulletin value is a point

The dollar-yen exchange rate easily climbed into the 155 yen range yesterday at the London market. While there was a lack of materials such as special economic statistics, etc., the rise in US bond yields was solely due to pressure to buy dollars.

MinkabuApr 25 03:28 ET