Market News
Dollar slips as traders eye next week's Fed meeting - REUTERS
Summary
- Companies
- Traders price a near 90% chance on a Fed cut on December 10
- US consumer sentiment improves in early December
- Yen edges up amid reports BOJ likely to hike this month
- Bitcoin slips for second straight session
NEW YORK, Dec 5 (Reuters) - The U.S. dollar slipped on Friday but held within recent ranges against major currencies as traders awaited next week's Federal Reserve meeting, where policymakers are widely expected to cut interest rates.
The dollar index , which measures the currency against six peers, was down 0.1% at 98.994, not far from Thursday's five-week low of 98.765. For the week, the index was down 0.5%.
The euro was about flat at $1.16433, not far from Thursday's three-week high of $1.1681.
