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home / news releases / FXY - Bears Drive The Greenback Lower But Was It Too Quick?

FXY - Bears Drive The Greenback Lower But Was It Too Quick?

Invesco CurrencyShares Japanese Yen Trust
  • The US dollar had one of its worst weeks of the year.
  • Many participants were caught wrong-footed by the dollar's drop and the sharp drop in US yields.
  • The broad dollar weakness is making it difficult for the PBOC to resist a stronger yuan.

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Bears Drive The Greenback Lower, But Was It Too Quick?
Stock Information
Company Name: Invesco CurrencyShares Japanese Yen Trust
Stock Symbol: FXY
Market: NYSE
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