TOKYO - The dollar hung near an 11-week low against its peers on Wednesday, weighed by expectations the U.S. Federal Reserve could cut interest rates some time in the next few months.
The index has been under pressure following a sharp decline in long-term U.S. Treasury yields, which fell to near two-year lows on Friday after a soft U.S. jobs report raised expectations for an interest rate cut by the Fed. “So the market is waiting for next week’s Fed meeting as a chance to see by how much and for how long it is ready to ease policy.”
The federal system, after realizing the dimensions of return, aims at shaping the programs, the quality of the wear of the chronological factor, the dimensions of the working dimensions of the teams, and the ability of working communities.
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