Forex
Dollar Selloff Accelerates Amid Yen Rally and Easing Inflation
The US dollar index slipped to around 99.5 on Thursday, extending losses from the previous session.
A sharp yen rally weighed on the greenback amid speculation that authorities had conducted a rate check and could intervene again to support the Japanese currency.
New York Fed's John Williams said there is evidence that inflation continues to ease as the impact of tariffs fades, while higher energy prices have yet to spill over into other services.
US private employment growth slowed in August, but markets are pricing in around a two-thirds chance of a Fed rate hike later this month.