Dollar declines for second straight day but set for weekly gain

NEW YORK, June 26 (Reuters) - The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes, although the yen remained in territory ‌that left it primed for an intervention.

Despite the recent declines, the greenback was still up for the week and on ‌pace for its strongest monthly percentage gain since July after hitting a 13-month high earlier in the week.

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Thursday's data showing a key measure of U.S. inflation met economists' ​expectations and easing oil prices, down about 4% on Friday, have moderated rate-hike bets slightly.

Markets are still pricing in an increase in rates of roughly 25 basis points from the Fed this year, according to LSEG data.

The dollar had kicked off the week with three straight days of gains, continuing an uptrend that began the prior week after a policy statement from the Fed, and first under new Chairman Kevin Warsh, was l

Fuente original: Yahoo Finance (https://finance.yahoo.com/news/yen-wobbles-near-40-low-010511440.html)