Dollar, Yen Decline Amid Weak US Data, Japan PM’s ResignationSingapore, 8 Sep (ONA) — The US dollar declined today, pressured by a weak US jobs report that reinforced expectations of an interest rate cut by the Federal Reserve later this month.Meanwhile, the Japanese yen weakened against most major currencies following news of the resignation of Japanese Prime Minister Shigeru Ishiba. The yen dropped 0.6% against the US dollar, trading at 148.25, reaching its lowest level in over a year. Against the euro and British pound, the yen held steady at 173.91 and 200.33, respectively. As for the US dollar, the British pound slipped 0.11% to $1.3492. The euro also declined 0.11% to $1.1709, after hitting a one-month high last Friday. The US dollar index remained stable at 97.87, following a 0.5% drop on Friday. The Australian dollar edged up 0.05% to $0.6558. The New Zealand dollar dipped 0.03% to $0.5891.— Ends/Khalid
