Dollar weakens as markets anticipate Federal Reserve rate cut
The United States dollar hovered near a five week low on Friday as traders positioned themselves for a possible interest rate reduction by the Federal Reserve next week. The dollar showed particular weakness against the Japanese yen, which strengthened on expectations that the Bank of Japan will resume raising rates later in December.
Investors widely expect a quarter point rate cut when the Federal Open Market Committee meets on December nine and ten. Market attention is now fixed on signals regarding future monetary easing. The dollar index, which tracks the currency against six major rivals, slipped by zero point two percent to ninety eight point nine two nine during early trading, close to Thursday’s five week low of ninety eight point seven six five. The index is on course for a we...









