Market News
Euro eases, dollar perks up in muted holiday trade - REUTERS
By Medha Singh and Tom Westbrook
- Yen slips but set for weekly jump
- Euro eases after Weds surge following hawkish policymaker remarks
- S. Korea cuts rates, dealers say authorities sell dollars
Nov 28 (Reuters) - The euro dipped against the dollar on Thursday as traders reined in bets of more interest rate cuts by the European Central Bank, while broader currency moves were muted in U.S. holiday-thinned trading.
The Japanese yen slipped to 151.58 per dollar but with its 2.1% gain this week the currency has recovered losses suffered since the U.S. election and was heading for its best weekly showing in three months. Markets see about a 53% chance the Bank of Japan will raise rates next month.
