U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023.
Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022.
Japan's top currency diplomat Masato Kanda on Thursday reiterated a warning that Tokyo is ready to take action in the currency market.
The dollar index rose to 0.05% to 105.55, while the Japanese yen was mostly flat at 155.59 per greenback.
The BOE is likely to take another step towards its first interest rate cut in four years as inflation falls.
Persons:
Masafumi Yamamoto, Masato Kanda, Susan Collins, Sterling, BOE, bitcoin
Organizations:
Federal Reserve, Bank of, Mizuho Securities, Traders, PPI, Fed Bank of Boston, European Central Bank
Locations:
Buenos Aires, Argentina, Japan, U.S, United States, Tokyo, —