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

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

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