The dollar weakens as the yuan gains strength

The US dollar posted one of its weakest weekly performances since July 2025 on November 28, pressured by reduced liquidity during Thanksgiving and growing expectations of monetary easing, Reuters reported.

The dollar index fell to 99.59 — its lowest since July 21. In Asia, the yen traded at 156.33 per dollar as the Bank of Japan held off on rate hikes. Prime Minister Sanae Takaichi announced a ¥21.3 trillion stimulus package.

The euro slipped 0.1% to $1.1582, while the pound fell to $1.3232. Meanwhile, China’s yuan strengthened to 7.072 per dollar, its strongest level since August.