Economic news

Review: Dollar on track for weekly loss amid Fed's inflation worries

The dollar fluctuated on Friday, on course for decline versus most counterparts, dragged down by Federal Reserve’s cautious view on low U.S. inflation rate.

The dollar index .DXY slipped 0.1 percent to 93.153, set to end the week 0.5 percent lower.

The greenback rose 0.2 percent versus the yen to 111.46, bouncing back from Thursday's two-month trough of 111.07 yen, on course for a weekly loss of 0.5 percent.

The euro was stable at $1.1852, near last week's one-month peak of $1.1862. It is poised for a weekly rise of 0.5 percent.

Sterling was flat at $1.3309.


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