Dollar losses mount as US data douse talk of interest rate hikeTOKYO - The dollar extended losses on Friday in Asia as investors bet against a September Federal Reserve interest rate hike following another weak batch of U.S. data. The greenback drew some support over the week following comments from Fed officials hinting that the policy board could lift borrowing costs at next week's meeting. And Stephen Innes, senior trader at forex firm OANDA, said the probability of a December hike had fallen to below 50 percent. "Indeed, the market is more anxious about the BoJ decision rather than the Fed decision, which at this stage is all but priced out for a September rate hike," Innes said. "There's a growing consensus that the BoJ will refrain from (cutting rates deeper) this meeting, but will keep all options open for November and will forward guide that choice at next week's meeting."

Source: The China Post September 16, 2016 18:39 UTC