Dollar steady as traders weigh Fed rate cut bets; yen shaky at 150/$

The dollar steadied as U.S. inflation eased, raising hopes of Fed rate cuts. Yen approached 150 per dollar. Bitcoin paused near a two-year high. Euro zone inflation slowed. Australian and New Zealand dollar rose.

Mar 1, 2024 - 07:00
Dollar steady as traders weigh Fed rate cut bets; yen shaky at 150/$
The dollar steadied as U.S. inflation eased, raising hopes of Fed rate cuts. Yen approached 150 per dollar. Bitcoin paused near a two-year high. Euro zone inflation slowed. Australian and New Zealand dollar rose.