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US dollar weaker on renewed Fed rate cut hopes; yen wobbles
The dollar index was lower on Monday for a fourth straight session as a softer-than-expected U.S. jobs report last week supported recent comments from Federal Reserve Chair Jerome Powell, but the greenback strengthened against the yen after last week's suspected interventions. The dollar index, which measures the greenback against a basket of major currencies, was on track for its longest streak of declines since early March. Friday's U.S. payrolls report showed the smallest jobs gain since October, easing concerns the Fed would have to keep rates higher for longer. The data helped affirm comments from Powell after ... (full story)