MARKET NEWS
Dollar on track for worst week in four months as case for Fed cut builds - REUTERS
Summary
- Traders ramp up bets Fed will cut rates on Dec 10
- US closed for Thanksgiving holiday
- Japanese economic data strengthen case for BOJ hike
- Sterling rallies after budget meets with market approval
SINGAPORE, Nov 28 (Reuters) - The U.S. dollar was heading for its worst weekly performance since late July on Friday as traders ramped up bets for further monetary easing from the Federal Reserve next month, while liquidity was thinned by the U.S. Thanksgiving holiday.
The dollar index , which measures the greenback's strength against a basket of six major peers, was last trading up 0.1% at 99.624, recovering some ground after five days of decline pushed it to its worst one-week loss since July 21.
