Investing.com – The dollar remained under pressure Wednesday as weak data reduced odds of a U.S. rate hike.
The dollar index was down 0.06% at 02:45 ET. It eased 0.60% to 101.41 yen, a two-week low.
U.S. services activity fell to a six-year low in August when job creation was below forecast.
U.S. Fed funds futures are pricing in a 24% chance of a September rate hike.
But the Fed’s John Williams Tuesday reiterated his backing for a hike “sooner rather than later.”
The yen gained after reports the BoJ is divided about the need for further stimulus.