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    • US Dollar Steady as Rate Cut Expectations Pressure Outlook

    By on December 3, 2025
    Dollars
    Dollars

    Dollar Holds Firm; Aussie Hits Three-Week High

    Singapore: The US dollar held steady today as investors shifted their attention to other major currencies amid rising expectations that anticipated US interest rate cuts next year could weigh on the greenback.

    The Australian dollar climbed to a three-week high of $0.6576 during morning trading before easing slightly after GDP data came in marginally below expectations. The euro traded at $1.1629 in early Asian dealings.

    The Japanese yen was steady at 155.70 per dollar, supported by growing expectations of an interest rate hike in Japan this month. This contrasts with the United States, where markets are 85% confident the Federal Reserve will cut interest rates next week.

    The British pound stabilized at $1.3222, while the Swiss franc held at $0.8022. The New Zealand dollar hovered around $0.5730.

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