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Dollar set to snap 5-week win but yen hits lowest in almost 3 years

Mount Equity Group Tokyo, Japan > News > Markets > Dollar set to snap 5-week win but yen hits lowest in almost 3 years

An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany./File Photo

  • Fed rate hikes in focus as dollar retreats from 1-yr high
  • Improved risk appetite hurts safe-haven yen and dollar
  • Risk-sensitive Aussie trades near one-month high
  • U.S. retail sales on Friday to be next test for dollar

TOKYO, Oct 15 (Reuters) – The dollar headed for its first weekly decline versus major peers since the start of last month, falling back from a one-year high as traders turned their attention to when the U.S. Federal Reserve will start raising interest rates.

The dollar index , which measures the greenback against six rivals, was little changed at 94.034 on Friday. It is on track for about a 0.1% decline this week despite hitting the highest since Sept. 25 of last year at 94.563 on Tuesday.

Improved market sentiment, which has lifted global stocks, commodity prices and bond yields, is also…

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