The U.S. dollar’s rising momentum eased on Thursday in Asia as market participants calibrated odds of a Federal Reserve rate increase this year.
The suggestion by several Fed officials that the U.S. central bank may start raising rates in December has fueled dollar-buying in recent sessions.
Fed Chairwoman Janet Yellen said Wednesday a December rate increase would be “a live possibility.” Fed Vice Chairman Stanley Fischer later echoed her sentiment, saying core inflation won’t be far from the 2% target once the rising dollar and falling oil prices stabilize.
