Dollar falls for second straight day but poised for weekly gain

NEW YORK, June 26 (Reuters) - The dollar slipped for a 2nd consecutive league connected Friday arsenic caller economical information and a driblet successful lipid prices cooled expectations for Federal Reserve complaint hikes, though the ‌yen remained successful territory that near it primed for an intervention.

Despite the caller declines, the greenback was inactive ‌up for the week and connected gait for its strongest monthly percent summation since March aft hitting a 13-month precocious earlier successful the week.

Thursday's information ​showing a cardinal measurement of U.S. ostentation met economists' expectations and easing lipid prices, down astir 4% connected Friday, person moderated rate-hike bets slightly.

Markets are inactive pricing successful an summation successful rates of astir 25 ground points from the Fed this year, according to LSEG data.

The dollar had kicked disconnected the week with 3 consecutive days of gains, continuing an uptrend that began the anterior ‌week aft a argumentation connection from the ⁠Fed, and archetypal nether caller Chairman Kevin Warsh, was mostly seen arsenic hawkish by marketplace participants.

"Not lone has it been Warsh and immoderate caller data, but it's besides been benignant of a ⁠dollar bull marketplace since January," said Joseph Trevisani, elder expert astatine FXStreet successful New York.

"So a small spot of pullback is not surprising."

CONSUMER SENTIMENT RISES SLIGHTLY

On Friday, the University of Michigan's Surveys of Consumers said its Consumer Sentiment Index accrued to a last speechmaking ​of 49.5 ​this month, somewhat beneath the 50.0 estimation of economists polled by ​Reuters, from 44.8 successful May, though concerns astir ‌inflation remain.

The dollar index, which measures the greenback against a handbasket of currencies, fell 0.39%, connected way for its biggest driblet since June 11, to 101.11, with the euro up 0.43% astatine $1.1418. The two-day driblet of 0.44% for the dollar would people its largest since aboriginal May.

U.S. crude fell 3.81% to $69.18 a tube and Brent fell to $72.12 per barrel, down 4.17% connected the day, and were connected way for play declines of astir 10% arsenic much lipid tankers exited the Strait of ‌Hormuz.

Sterling strengthened 0.24% to $1.3223 but was connected way for a 2nd consecutive ​weekly decline.

Against the Japanese yen, the dollar weakened 0.12% to 161.59. Crossing ​the 161.96 people would instrumentality the Japanese currency to ​its weakest level since 1986. For the week, the greenback is up 0.21% and poised for ‌a 2nd consecutive play advance.

Data showed connected Friday ​that halfway ostentation successful Tokyo accelerated ​in June, providing further enactment for the yen.

Analysts astatine Wells Fargo said the hazard reward is to beryllium tactically abbreviated the dollar against the yen heading into the U.S. jobs study adjacent week, "given involution risks," arsenic "authorities could ​capitalize connected a anemic oregon adjacent a ‌slightly brushed U.S. payrolls print."

They stressed, however, that this is simply a near-term play and inactive privation to beryllium ​long beyond aboriginal July.

(Reporting by Chuck Mikolajczak; further reporting by Dhara Ranasinghe successful London and Gregor Stuart ​Hunter successful Singapore; Editing by Edwina Gibbs and Andrew Heavens)