MARKET NEWS
Dollar set for best week in a month on cautious Fed outlook - REUTERS
- Dollar heads for strongest week in a month
- Yen weakens as BOJ seen likely to skip hike next week
- Euro, franc fall after central bank rate cuts
LONDON, Dec 13 (Reuters) - The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity.
The U.S. currency held firm against the euro and Swiss franc following rate cuts by those central banks a day earlier, and rose against the yen after reports the Bank of Japan could forgo a rate hike at its meeting next week.
