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The Economic Times

Business / The Economic Times

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US dollar heads for weekly rise, yen slumps ahead of Japan's election

The dollar retreated from two-week highs as risk assets rebounded, though it remained on track for a weekly gain. Concerns over AI spending drove global shares lower, while the yen weakened ahead of Japan's national election. Traders await U.S. jobs data, with expectations for potential Fed rate cuts.

7 Feb 2026 9:28 am