From Investing.com:



The U.S. dollar is facing challenges gaining momentum in the global currency markets due to cooling U.S. inflation, fueling expectations of a potential Federal Reserve interest rate cut.

Thin holiday trading has seen the dollar struggling for footing against major currencies while the Japanese yen has steadied near a five-month peak, benefiting from potential signals of a shift in the Bank of Japan’s ultra-easy monetary policy.

The shifting global monetary landscape, characterized by the Fed’s potential rate cuts and BOJ’s policy signals, is shaping currency dynamics, with the and dollars seeing slight gains amidst these developments.



Read more: Dollar Wavers in Holiday Trade as Inflation Eases, Fed Rate Cut Looms By Quiver Quantitative