The euro it fell 0.1% against the dollar to $1.04015, but held close to the four-month high of $1.0481 hit in mid-November. During the week, the European currency rose 0.7% against the dollar.
The dollar It has risen against all major currencies this year, buoyed by the Fed’s interest rate hikes in its fight against US inflation.
However, recent colder-than-expected US consumer price data spurred investor bets that the dollar’s rally may be over.
Minutes from the Federal Reserve’s November meeting, released Wednesday, showed that the Most central bank policymakers agreed that it would soon be appropriate to slow the pace of interest rate hikes.
On November 30, Federal Reserve Chairman Jerome Powell will speak at the Hutchins Center for Fiscal and Monetary Policy on the outlook for the economy and the changing job market.
The dollar rose 0.4% against the Japanese yen to 139.14 yenafter learning that core consumer prices in the Japanese capital, a leading indicator of the national trend, rose in November at their fastest annual pace in 40 years, indicating increased inflationary pressure.
Sterling was down 0.21% at $1.2084as investors remain concerned about the UK’s economic outlook.
Source: Ambito
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