Singapore, 6 July 2026 – The US dollar hovered near two-week lows as traders scaled back expectations of further Federal Reserve rate hikes, while the Japanese yen remained under pressure near multi-decade lows and kept markets alert to possible official intervention.
The dollar steadied after recent weakness, with investors reassessing the United States rate outlook following softer labour-market signals. The greenback had logged its sharpest weekly drop since April after payroll data showed slower job growth, reinforcing expectations that the Federal Reserve may have less room to keep tightening policy.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here
