Dollar at 3-month high as traders pare near-term rate cut wagers
The Economic Times·2025-11-04 09:47
The yen was softer at 154.38 per Fed officials continued pressing competing views of where the economy stands and the risks facing it in the absence of economic data suspended due to the federal government shutdown. The Fed cut rates last week but Chair Jerome Powell suggested that might be the last cut of the year. Traders are now pricing in a 65% chance of a rate cut in December, compared with 94% a week earlier, CME FedWatch showed. That shift in near-term expectations has boosted the dollar. The euro ...