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Markets / The Economic Times

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US dollar set for worst week since July as Fed rate cut looms

The U.S. dollar is poised for its worst weekly drop since late July, driven by increased expectations of Federal Reserve rate cuts following softer labor data. Traders are pricing in a high probability of a cut in December, despite inflation concerns. Meanwhile, anticipation builds for the Bank of Japan's meeting, with potential signals of a rate hike influencing the yen.

29 Nov 2025 9:50 am