Dollars
Singapore: The US dollar began the month of December on a softer trajectory as investors increased their expectations of a potential interest rate cut by the US Federal Reserve later this month.
Against a basket of major currencies, the dollar index slipped by 0.05% to 99.39, extending last week’s 0.7% decline.
The Japanese yen continued its upward momentum, strengthening by 0.4% to a session high of 155.49 per dollar, supported by comments from Bank of Japan Governor Kazuo Ueda, who signaled the possibility of a near-term interest rate hike.
The euro edged higher by 0.04% to $1.1605, while the British pound traded at $1.3239, after recording its strongest weekly performance in more than three months on Friday.
The Australian dollar rose 0.08% to $0.6553, whereas the New Zealand dollar remained largely stable at $0.5738.
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