- The Bloomberg Dollar Spot Index dropped 0.6% on Thursday, falling against every Group-of-10 peer and reaching its lowest level since May.
- The yen led major-currency gains, rising 2.1% against the dollar as traders increased bets on Bank of Japan rate hikes and watched for potential currency-support intervention.
- Waller's comments on inflation progress added pressure to the dollar.
Quotes
“The Bloomberg Dollar Spot Index fell 0.6% on Thursday, dropping against all of its Group-of-10 peers.”
“The yen led gains, climbing 2.1% versus the greenback, as traders boosted bets on Bank of Japan interest-rate hikes”