After climbing higher in the Asian session on Friday, the U.S. dollar turned weak as the day progressed, amid uncertainty about the pace of interest rate hikes by the Federal Reserve in the coming months.
According to reports, the central bank officials are likely to engage in a potential debate about the pace of rate hikes. While a few officials are reportedly looking at a 75-basis point hike next months, a few others are said to be in favor of slowing down the pace of rate hikes.
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