Dollar drifts as markets weigh US rates outlook

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Key Points

SINGAPORE (Reuters) -The dollar was restrained on Friday by uncertainty over the path of U.S. interest rates, while the yen strengthened after Japans core consumer price growth picked up, reinforcing views that the Bank of Japan may soon roll back monetary stimulus...

The dollar index, which measures the U.S. currency with six peers, eased 0.058% to 103.71, staying close to the two-and-a-half month low of 103.17 it touched earlier this week...

Meanwhile, Japans core consumer price growth picked up slightly in October, after easing the previous month, reinforcing investors views that stubborn inflation may push the BOJ to roll back monetary stimulus before long...

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...

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