Dollar near two-week low as Fed rate-hike bets fade

The U.S. dollar was near a two-week low at an index value of 100.9 as investors reduced expectations for a Federal Reserve rate hike following a weaker jobs report. The yen traded at 161.57 per dollar, close to its 40-year low of 162.84 reached last week. Meanwhile, the euro was priced at $1.1435 and sterling at $1.3351, reflecting minor fluctuations in the foreign exchange market. The overall sentiment is cautious as traders consider potential intervention from Tokyo amidst a tightening labor market amid easing inflationary concerns.