Dollar falls for second straight day but poised for weekly gain
Key takeaways
- Despite the recent declines, the greenback was still up for the week and on pace for its strongest monthly percentage gain since March after hitting a 13-month high earlier in the week.
- Thursday's data showing a key measure of U.S. inflation met economists' expectations and easing oil prices, down about 4% on Friday, have moderated rate-hike bets slightly.
- Markets are still pricing in an increase in rates of roughly 25 basis points from the Fed this year, according to LSEG data.
Dollar falls for second straight day but poised for weekly gain Reuters Fri, June 26, 2026 at 10:08 PM GMT+7 3 min read DX-Y.NYB CL=F JPY=X NEW YORK, June 26 (Reuters) - The dollar slipped for a second straight session on Friday as recent economic data and a drop in oil prices cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.
Despite the recent declines, the greenback was still up for the week and on pace for its strongest monthly percentage gain since March after hitting a 13-month high earlier in the week.
Thursday's data showing a key measure of U.S. inflation met economists' expectations and easing oil prices, down about 4% on Friday, have moderated rate-hike bets slightly.