Dollar set to snap 5-week losing streak as Fed cut bets pared

The dollar approached a one-week high on Friday, poised to end a five-week losing stretch. Strong U.S. economic data cut expectations for aggressive Federal Reserve rate reductions. Meanwhile, European inflation slowed and Japan’s yen weakened. The euro and yen reacted differently to these economic shifts, affecting currency trade. The dollar approached a one-week high on Friday, poised to end a five-week losing stretch. Strong U.S. economic data cut expectations for aggressive Federal Reserve rate reductions. Meanwhile, European inflation slowed and Japan’s yen weakened. The euro and yen reacted differently to these economic shifts, affecting currency trade.  Economic Times