The dollar was headed for its largest weekly drop for months against the euro, yen and franc on Friday, as investors sold in anticipation of almost 100 basis points of U.S. interest rate cuts next year.
At $1.0854 to the euro , the dollar has shed 1.6% for the week, its steepest fall since mid-July. It is also down 1.6% for the week to 0.8882 Swiss francs and has even lost 0.6% to trade at 150.53 on the out-of-favour yen.
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