Dollar struggles to find footing on rising bets of outsized Fed cut
Dollar struggles to find footing on rising bets of outsized Fed cut
By Rae Wee
SINGAPORE (Reuters) -The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy's growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month.
The yen was a notable outperformer, in part due to safe-haven demand, but also on the view that imminent rate hikes from the Bank of Japan against the tide of a global …