Dollar slips but set for weekly gain on Fed bets; yen rallies

NEW YORK, Sept 25 (Reuters) - The dollar declined on Friday as oil prices eased, but was set for a second straight weekly advance on growing rate hike bets, while the yen rallied after Japan said Tokyo and Washington remain steadfast to the stance behind July's joint intervention.
The dollar was on track to snap a four-day streak of gains as crude prices slumped more than 2%.
Global oil prices have eased as the potential for a truce between the US and Iran outweighed supply concerns from increasing attacks by Houthi fighters against Saudi Arabia. Still they remain above $100 a barrel, preserving upward pressure on inflation.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in