Dollar Gains on Strong Data, Yen and Gold Adjust as Markets React

The dollar steadied around 103.2, bolstered by better-than-expected US jobless claims that eased recession fears and tempered expectations for significant Federal Reserve rate cuts. The yen approached a weekly low below 147 per dollar, as strong US data diminished its safe-haven appeal. Meanwhile, gold dipped to $2,420 per ounce, with geopolitical tensions providing support, though market uncertainty about the Fed's next move kept prices in check. The GBP/USD pair tested key support at 1.2720 amid ongoing market volatility. Explore our detailed analysis for further insights into these market shifts.