An employee holds U.S. dollar bank notes at a money changer. REUTERS/Willy Kurniawan/File Photo
TOKYO: The dollar hovered near its weakest level in close to a week on Wednesday with traders expecting two more U.S. interest rate cuts this year, even after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing.
The dollar index, which measures the U.S. currency against six major rivals, languished 97.230 as of 2305 GMT, after earlier touching the lowest since Thursday at 97.198.
