Dollar Touches 5-month Low on Rate Cut Hopes in Thin Market

Dollar Touches 5-month Low on Rate Cut Hopes in Thin Market
A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok on Jan. 21, 2010. Sukree Sukplang/Reuters
Reuters
Updated:
0:00

LONDON—The dollar slipped to a five-month low on Wednesday and the euro touched a four-month peak on expectations that the Federal Reserve could soon cut interest rates, but thin year-end trading flows limited moves.

With many traders out for holidays, volumes are likely to be muted until the New Year.