Dollar slips as market discounts US rate hike

AFP, TOKYO: The dollar broadly weakened yesterday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about US monetary policy.
The greenback has been see-sawing as divergent views from Fed officials keep markets guessing about the timing of a possible rate hike by the US central bank.
On Monday, the dollar rallied in response to hawkish remarks from the bank's vice chairman, who said the Fed was close to meeting its inflation and employment targets and outlined an optimistic outlook for the world's top economy.

Dollar slips as market discounts US rate hike

AFP, TOKYO: The dollar broadly weakened yesterday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about US monetary policy. The greenback has been see-sawing as divergent views from Fed officials keep markets guessing about the timing of a possible rate hike by the US central bank. On Monday, the dollar rallied in response to hawkish remarks from the banks vice chairman, who said the Fed was close to meeting its inflation and employment targets and outlined an optimistic outlook for the worlds top economy.