Dollar slides in thin Black Friday trading on bets rates have peaked

Posted on:
Key Points

SINGAPORE/LONDON (Reuters) -The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japans core consumer price growth picked up, reinforcing views that the Bank of Japan (BOJ) may soon roll back monetary stimulus...

The dollar index, which measures the U.S. currency with six peers, eased 0.077% to 103.69, staying close to the two-and-a-half month low of 103.17 it touched earlier this week...

Elsewhere, the Japanese yen flattened at 149.58, after strengthening following data that showed Japans core consumer price growth picked up slightly in October, having eased the previous month...

The nationwide core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.9% year-on-year in October, government data showed on Friday, against 3.0% expected by economists in a Reuters poll...

Japans factory activity shrank for a sixth straight month in November, while modest growth in the service sector was little changed, a business survey showed on Friday, highlighting the fragility of the economy amid soft demand and inflation...

You might be interested in

Dollar gains before Fed, March rate cut seen less likely

30, Jan, 24

By Karen Brettell and Samuel Indyk NEW YORK (Reuters) - The dollar gained on Monday as investors prepared for the prospect that the Federal Reserve could push back against expectations of an imminent

After aggressive rate hikes, big central banks take time out

02, Nov, 23

After almost two years of aggressive monetary tightening, the world's biggest central banks are taking time out before weighing up their next move.

China's Q3 GDP seen slowing as Beijing races to revive growth

18, Oct, 23

China's economy likely slowed in the third quarter, data is expected to show on Wednesday, weighed by persistently weak demand, although increased stimulus has improved the prospects Beijing might be able to hit its full-year growth target

Dollar touches 2-week high, euro weaker as market bets on rate cuts

06, Dec, 23

By Hannah Lang and Samuel Indyk WASHINGTON/LONDON (Reuters) -The U.S. dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European

Dollar struggles to retain gains even as March rate cut odds recede

22, Jan, 24

By Vidya Ranganathan SINGAPORE (Reuters) - The U.S. dollar struggled to keep gains in early Asian trade on Monday as looming central bank decisions in Japan and Europe forced a pause in its

Asian markets softer as investors look to key inflation readings

08, Aug, 23

By Scott Murdoch SYDNEY (Reuters) - Asian share markets were mostly weaker while the U.S. dollar higher on Tuesday as investors awaited inflation readings from China and the United States to deliver

US dollar poised for biggest weekly gain since mid-January; yen falls ahead of BOJ

16, Mar, 24

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of

Dollar drops ahead of crucial payrolls data

08, Mar, 24

By Tom Westbrook SINGAPORE (Reuters) -The dollar headed for its sharpest weekly drop of the year on Friday as Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates in

Asian shares near four-month peak as BOJ takes the stage

16, Jun, 23

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.31% higher and on course for 2.5% gain in the week, its best weekly performance since January.

Charting the global economy: Inflation picks up in US, Tokyo

29, Oct, 23

South Korea sees growth in exports after a year. Private sector activity in Europe kicked off in the year's final quarter.