Good morning. This morning, there is talk about the recent pushback against a stronger dollar, ongoing debate about interest rate cuts, and UBS’s plans to make more job cuts. Asian stocks saw a positive start on Thursday as authorities opposed the stronger dollar. The yen and won both strengthened against the greenback after a statement from US Treasury Secretary Janet Yellen, the finance ministers of Japan and South Korea expressing “serious concerns” about the depreciation of their currencies. Masato Kanda, Japan’s top currency official, also mentioned a reiteration of current currency commitments by the finance ministers of G-7 nations.
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