Dollar Soft as Rate-cut Bets Intact, Euro at 7-week HighSingapore, 4 Dec 2025 (ONA) —- The US dollar was on a weak footing on today after lacklustre economic data seemingly cemented the case for a rate cut from the Federal Reserve next week, providing relief to the yen and pushing the euro to an almost seven-week high. The dollar index, which measures the US currency against six rivals, was at 98.919, languishing near a five-week low. The index is down nearly 9% for the year. The euro was steady at $1.1674 in Asian hours after breaching the highest level since Oct. 17 in the previous session as data showed business activity in the euro zone expanded at its fastest pace in 30 months in November. The currency is up over 12% this year, on pace for its biggest annual gain since 2017, benefiting from a weak dollar. The yen was little changed at 155.18 per US dollar as worries of intervention by Tokyo authorities eased slightly. Sterling was at $1.33425 while the Australian dollar last fetched $0.66075. The New Zealand dollar was at $0.5774. Both were trading near their highest levels in more than a month.—- Ends/Khalid