Market News
Dollar weakens against yen in week packed with data releases and central bank decisions - REUTERS
By Chibuike Oguh and Amanda Cooper
Summary
- Trio of central banks to announce rate decisions
- US non-farm payrolls and inflation data due
- Yen rises while pound and euro hold steady
- US dollar index edges lower
NEW YORK/LONDON, Dec 15 (Reuters) - The U.S. dollar weakened against rivals including the yen, euro and Swiss franc in a week packed with central bank decisions and U.S. data that could shed light on the Federal Reserve's near-term policy outlook.
The dollar was last down 0.6% against the yen, trading just below 155 to the dollar. The Bank of Japan is widely expected to raise interest rates on Friday, giving the yen an advantage over a dollar that could lose support if expected U.S. rate cuts emerge early next year.
