Market News
Dollar heads for ninth straight loss as Fed outlook dominates - REUTERS
Summary
- Trump’s sway over Fed policy remains in focus
- Euro investors eye Ukraine peace talks
- Analysts flag risk of fresh yen intervention near 160
- Bitcoin extends rebound into second session
Dec 3 (Reuters) - The dollar headed for its ninth straight decline on Wednesday as traders ramped up bets on Federal Reserve rate cuts following U.S. economic data and growing expectations of a more dovish central bank.
Fed Governor Christopher Waller said last week the labour market is weak enough to justify another quarter-point rate cut in December, while White House economic adviser Kevin Hassett emerged as the frontrunner to become the next Fed chair.
