Dollar Near 2-Week Lows as Fed Rate-Hike Bets Fade, Yen at 40-Year Low

The U.S. dollar steadied near a two-week low on Monday as investors scaled back expectations of a Federal Reserve rate hike this year. Meanwhile, the Japanese yen remained near a 40-year low, keeping it in sharp focus for currency markets. The dollar's weakness reflects a broader recalibration of U.S. monetary policy expectations.