Dollar sinks to 3-month low vs yen as Powell says Fed to go slow - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The dollar index - which measures the currency against six major peers including the yen and euro - extended Wednesday's more than 1% drop into Thursday, dipping as low as 105.69.The dollar index - which measures the currency against six major peers including the yen and euro - extended Wednesday's more than 1% drop into Thursday, dipping as low as 105.69.

The greenback was 0.48% lower at 137.39 yen in the Asian morning, after earlier dipping to 137.27 for the first time since August 26, with yields on 10-year Treasury notes standing at 3.62% in Tokyo. Markets are currently pricing 91% odds that the Fed slows to a 50 basis point rate increase on December 14, and just 9% probability of another 75 basis point bump.

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