Forex – Dollar regains composure, yen continues to soar on negative sentiment – Forbes. LONDON (Thomson Financial) – The dollar regained some composure after recent heavy losses, amid speculation of aggressive US rate cuts, while the yen continued to soar, buoyed by negative market sentiment. Market speculation that the Federal Reserve could cut US interest rates by as much as 75 basis points this month — including the possibility of a move ahead of its scheduled Jan 29/30 meeting — had caused a dollar rout, but the US currency is now recovering somewhat thanks to negative sentiment. PK – news – people ) analysts. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more
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