Posted 4/1/2024, 3:04:06 PM
Dollar Rises as US Manufacturing Rebounds; Yen Slides Further While China's Yuan Weakens
- The dollar rose after US manufacturing sector grew in March for the first time since September 2022
- Markets lowered bets on the Fed cutting rates in June after Friday's data showed easing US inflation
- Yen stayed below 152 per dollar, reviving concerns over possible Japanese intervention
- China's yuan weakened despite signs economy's recovery has gained traction
- Bitcoin fell to $69,097 while ether rose to $3,518.90
