Dollar near two-week lows as rate-hike bets recede, embattled yen in focus

The U.S. dollar held near a 2-week low as investors reduced expectations for a Fed rate hike later this year. The yen stayed near a 40-year low, underscoring ongoing FX pressure tied to rate differentials. Overall, the move reflects changing rate expectations rather than a single new shock.

Analysis

The U.S. dollar held near a 2-week low as investors reduced expectations for a Fed rate hike later this year. The yen stayed near a 40-year low, underscoring ongoing FX pressure tied to rate differentials. Overall, the move reflects changing rate expectations rather than a single new shock.