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Dollar Slips As Traders Bet Fed Done With Rate Hikes

Published by: dailynews
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The dollar eased on Friday and was on course for a weekly decline against a basket of currencies as traders wagered that the U.S. Federal Reserve was most likely done with rate increases, lifting risk sentiment.

The dollar index , which measures the U.S. currency against six rivals, was down 0.122% at 106.07, not far from the one-week low of 105.80 it hit on Thursday.

The index is on course to drop 0.4% for the week, just its third week of losses in the last 16 weeks.

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