Dollar Slips From Highs But Headed For Weekly Gain
The dollar eased on Friday yet remained on track for its second consecutive weekly gain following robust rate hike bets. Meanwhile, the yen climbed as Japan reiterated commitments to intervention.
Xurve View
Insights:
Xurve View
The United States dollar slipped 0.2% on Friday morning but headed toward a second consecutive weekly gain of nearly 1% amid rising rate hike bets. The EUR/USD rose 0.1% to $1.139 during Friday morning trading, though it remained on track for a third weekly decline after touching a two-month low. Markets have aggressively repriced the United States interest rate trajectory following policy tightening by the Federal Reserve.