© Reuters. Employee counts U.S. dollar banknotes at a foreign exchange house in Monterrey
By Vatsal Srivastava
SINGAPORE (Reuters) – The dollar held a soft tone versus its peers on Friday, on rising expectations the U.S. Federal Reserve may hit the pause button on monetary tightening if the economy slows this year.
Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Markets are now pricing in no further rate hikes by the Fed this year.
Fed Vice Chair…
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