CNBC: Dollar extends weakness; yen at 2-1/2 week high
Category:Cross-Border
Updated:2025-12-04
"Traders are doubling down on bets the Fed will cut rates and stop short of delivering an overtly-hawkish message at next week’s meeting," Karl Schamotta, chief market strategist at Corpay, said... "Seasonal factors are also playing a role — historically, the dollar has often declined into year-end — and the yen’s modest appreciation has added fuel to the move," Schamotta said.
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