US dollar dips as oil eases, yen jumps on Japan remarks
The dollar was on track to snap a four-day streak of gains as crude prices slumped more than 2%
The US dollar experienced a dip on Friday, Sep 27, as oil prices fell by more than 2%, marking a break in a four-day winning streak. However, the dollar was poised for its second consecutive weekly gain, driven by expectations of further rate hikes by the Federal Reserve. Meanwhile, the yen surged following Japan's Finance Minister's concerns over the currency's weakness.
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