US dollar edges lower but up against yen, Aussie
NEW YORK - The U.S. dollar slipped on Tuesday but strengthened against the Japanese yen as expectations of large interest rate differentials continued, even after new warnings from Japanese officials about their willingness to prop up their currency.
Against the yen, the dollar strengthened 0.29% to 154.33 after tumbling more than 3% last week, its biggest weekly percentage drop since early December 2022. With a light economic calendar this week, highlighted by the consumer sentiment reading from the University of Michigan on Friday, a host of Fed officials are due to speak, including Fed Governors Lisa Cook and Michelle Bowman later in the week.
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