U.S. dollar backs off as investors dubious over Dec. U.S. rate rise

The U.S. dollar’s rising momentum eased on Thursday in Asia as market participants calibrated odds of a Federal Reserve rate increase this year.

The suggestion by several Fed officials that the U.S. central bank may start raising rates in December has fueled dollar-buying in recent sessions.

The euro EURUSD, -0.1012%  was at $1.0872, compared with $1.0868 late Wednesday in New York, according to EBS. The dollar USDJPY, -0.01%  was at ¥121.50 yen, compared with ¥121.55.

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