Dollar Eases in Thin Black Friday Trading on Bets Rates Have Peaked

Dollar Eases in Thin Black Friday Trading on Bets Rates Have Peaked
U.S. dollar banknotes are seen in this illustration taken on March 10, 2023. Dado Ruvic/Reuters
Reuters
Updated:
0:00

LONDON/SINGAPORE—The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japan’s core consumer price growth picked up, reinforcing views that the Bank of Japan (BOJ) may soon roll back monetary stimulus.

With U.S. markets closed on Thursday for the Thanksgiving holiday and due for a shorter Black Friday trading session, currencies are trading narrowly as liquidity is expected to remain thin.