Posted 11/24/2023, 12:59:58 AM
Dollar Slips While Yields Rise; Data Shows Modest Growth in Japan Economy
- Dollar index eased 0.029% to 103.73, staying near 2.5-month low on falling expectations of more Fed rate hikes
- Euro held overnight gains after German recession may be shallower than expected
- Japan core CPI picked up slightly in Oct after previous month's ease, reinforcing views BOJ may roll back stimulus
- Japan factory activity shrank 6th straight month in Nov, modest service sector growth little changed
- Yields on 10-year and 30-year Treasuries rose by about 3 basis points in Asia after Japan holiday