Dollar gains broadly, slips versus yen with interest-rate policy in focus
(Reuters) -The dollar increased broadly on Monday, holding near a two-year high, while the Japanese yen edged up from five-month lows versus the greenback as traders continued to absorb the possibility that the Federal Reserve will make less rate cuts next year. The U.S. currency has actually rallied in current weeks on expectations for a less dovish U.S. reserve bank as inflation stays above the Fed's 2% yearly target. Experts likewise anticipate policies from President-elect Donald Trump's U.S. administration to both boost development and contribute to cost pressures next year. Fed policymakers this month cut their interest-rate projection for 2025 to 50 basis points of cuts, from 100 basis points, and Fed Chair Jerome Powell stated more decreases in loaning expenses now depend upon addi...
