He dollar index is on track to fall 0.4% this weekwhich would mean the first week of losses since January.
The publication of a series of solid economic data, including inflationwhich has remained at high levels, has made traders think that the US central bank could raise rates by 50 basis points In two weeks.
Besides, the Euro-dollar pair points up a rise of 0.2% to the level of 1.0612, from nearly two-month lows of 1.0533 at the start of the week.
The inflation has been higher than expected in the euro zone this week, pointing to more interest rate hikes from the European Central Bank, on top of the 50 basis points already targeted for mid-March.
The President of the ECB, christine lagardesaid on Thursday that it might be necessary keep raising interest rates beyond expectations, as policymakers will do everything they can to bring inflation back to the 2% target, from the current level of above 8%.
The pound rises 0.3% to the 1.1980 level, holding below 1.20, as expectations rise that the Bank of England will pause its tightening cycle earlier than its major peers, given the weakness in the UK economy.
The pair dollar-yen falls 0.2% to the level of 136.47, well he yen has been favored by easing US Treasury yields, while Tokyo inflation eases from February’s more than 40-year highs, data shows on Friday, although it remains at relatively high levels.
Source: Ambito
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