Dollar set for biggest weekly gain in two months

Résumé détaillé

By Chibuike Oguh and Javi West Larrañaga NEW YORK/GDANSK, Nov 13 (Reuters) - The dollar was on track for its strongest weekly rise in two months on Friday, holding near a 19-month high as rising bets on a larger Federal Reserve rate hike lifted US Treasury yields, while the yen hovered around 160 per dollar and kept traders alert for possible intervention from Tokyo.

NEW YORK/GDANSK, Nov 13 (Reuters) - The dollar was on track for its strongest weekly rise in two months on Friday, holding near a 19-month high as rising bets on a larger Federal Reserve rate hike lifted US Treasury yields, while the yen hovered around 160 per dollar and kept traders alert for possible intervention from Tokyo.

Hawkish comments from Federal Reserve officials and this week's stronger-than-expected US inflation data have left traders weighing the prospect of a larger-than-usual Fed rate hike next month.

Two-year Treasury yields have risen around 34 basis points so far this week to around 4.87%, on course for their biggest weekly jump since April 2025.

The euro was down 0.26% at $1.103, after hitting its lowest level against the dollar since April 2025. It was on course for its fourth straight week of losses.

The dollar was up 0.47% at 0.839 against the Swiss franc and was set to snap two straight weeks of losses.

"The dollar is still firm and that's driven by a robust jobs report and an acceleration of the CPI," said Marc Chandler, chief market strategist at Bannockburn Global Forex. "We've had a series of hawkish comments from Fed officials this week including from (New York Fed President John) Williams and (Fed Governor Christopher) Waller."

Traders are pricing in a roughly 90% chance of a 25-basis-point hike next month, the CME FedWatch tool showed.

The dollar index, which measures the greenback against a basket of currencies, was up 0.15% at 103.37, clinging to its highest since April 2025 and on track for its biggest weekly gain since September. That would be its third straight week of gains.

The yen was steady at 159.70 per dollar, around its weakest since early September, fuelling concerns about possible intervention. The currency has weakened about 1% this week, on track for its biggest weekly loss since September.

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