Market News
US dollar slips as dovish Fed comments weigh; yen falls - REUTERS
Summary
- Fed's Waller says December cut appropriate
- Fed's Daly also says she supports easing next month
- US rate cut odds at 80% for December meeting
- Yen intervention possible in holiday-thinned week
NEW YORK, Nov 24 (Reuters) - The U.S. dollar dipped on Monday, as investors weighed dovish remarks from Federal Reserve officials that boosted expectations for a rate cut next month and limited the greenback's upside against major currencies.
The U.S. currency, however, rose against the yen, as investors remained on the lookout for signs of official buying from Tokyo to stem the slide in the Japanese currency.
Volume was thinner than normal due to a holiday in Japan and a holiday-thinned week in the U.S. with the upcoming Thanksgiving holiday on Thursday.
