The U.S. dollar languished at multi-week lows versus major peers on Thursday as traders ramped up bets for the Federal Reserve to resume reducing interest rates next month. The greenback fared worst against the yen after U.

The dollar weakened on Friday, concluding a data-rich week pointing towards a September Federal Reserve interest rate cut. Anticipation surrounds Alaska talks between Trump and Putin. Economists foresee a possible rate cut due to mixed economic signals,

If long-term Treasury yields stay elevated as the Fed resumes its monetary policy easing this year, higher consumer interest rates may persist at a time when credit delinquencies are rising.