Dollar Nears 2-1/2-Month Low Amid Uncertainty Over U.S. Rate Hikes

The U.S. dollar edged closer to a 2-1/2-month low on December 17, as recent labor market data left the future path of interest rates uncertain. The dollar's downward pressure was fueled by mixed employment reports, which raised doubts about the Federal Reserve's next move. Traders are now cautious, awaiting further economic data to gauge whether the Fed will proceed with its aggressive tightening or slow down in response to economic signals.