The Japanese Yen (JPY) edges lower during the Asian session on Thursday in reaction to the weaker-than-expected release of Core Machinery Orders data from Japan.
US Treasury yields eased after the Federal Reserve (Fed) delivered its first interest rate cut since December of last year, prompting a broad-market dog-pile into risk assets, lowering Treasury yields as investors bank on lower interest rates supporting the US economy, specifically the lagging labor
European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday that the current interest rate is appropriate based on inflation developments and our projections and the transmission of monetary policy.