Market News
Dollar gains broadly, slips against yen with interest-rate policy in focus - REUTERS
- Summary
- Dollar slips but set for 6.6% annual gain
- Japanese yen on track for 11.4% annual loss
- Euro on pace for 5.8% annual decline
Dec 30 (Reuters) - The dollar rose broadly on Monday, holding near a two-year high, while the Japanese yen edged up from five-month lows against the greenback as traders continued to digest the likelihood that the Federal Reserve will make fewer rate cuts next year.
The U.S. currency has rallied in recent weeks on expectations for a less dovish U.S. central bank as inflation remains above the Fed’s 2% annual target. Analysts also expect policies from President-elect Donald Trump's U.S. administration to both bolster growth and add to price pressures next year.
