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Dollar falls in global market, yen-pound-Canadian dollar strengthen

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Dollar falls in global market, yen-pound-Canadian dollar strengthen
Changes are being observed in the international currency market ahead of upcoming meetings of several major central banks, including the US Federal Reserve.

The dollar has fallen as investors' confidence in it was affected by recent volatility in the artificial intelligence sector's debt and stock markets. In contrast, the Japanese yen, Canadian dollar, British pound and New Zealand's currency, the kiwi, have strengthened. At the same time, the decline of the euro, which had been weak for a month, has now stopped.

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On Thursday (October 22), in Asian markets, the yen's exchange rate against the dollar rose to 157.3 yen per dollar. In addition, the Canadian dollar and New Zealand currency reached their highest levels in a month, and the British pound also rose. The euro, which has been under pressure due to France's budget concerns and uncertainty over Europe's energy security, is currently stable.

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It is expected that next week the European Central Bank (ECB) and the Bank of Japan may keep their interest rates unchanged, but there are indications that they will raise them next year. On the other hand, at its October meeting, the US Federal Reserve may also keep interest rates unchanged in the range of 3.75 to 4 percent; however, there is a possibility of raising them in December. Investors are awaiting these policy decisions by the central banks.

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