The dollar eased on Friday but remained near a two-month high against its major peers, buoyed by expectations that U.S. interest rates could remain higher for longer.
Debt ceiling negotiations between U.S. President Joe Biden and top congressional Republican Kevin McCarthy alsoto cast a shadow over the market mood, though news that the two are closing in on a deal aided investor sentiment and caused the greenback to pause its recent rally.
Against a basket of currencies, the U.S. dollar slipped 0.13% to 104.09, just off Thursday's two-month high of 104.31. "Recent moves in currencies have been mainly driven by a sharp repricing of FOMC policy," said Carol Kong, a currency strategist at Commonwealth Bank of Australia .
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