Reported 1 day ago
The dollar is on track for its best weekly performance in a month, driven by expectations that the Federal Reserve will adopt a more cautious approach to rate cuts in the coming year. Despite falling against the dollar, the British pound weakened after an unexpected contraction in the UK economy. Meanwhile, the euro also faced pressure following rate cuts by the European Central Bank, and the dollar gained against the yen ahead of a potential pause from the Bank of Japan.
Source: YAHOO