Dollar Hovers Near 3-Month Low Amid Bets Fed Will Slow Hikes

[Epoch-Times-Bot]

Dollar Hovers Near 3-Month Low Amid Bets Fed Will Slow Hikes

LONDON—The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors.
The euro was set for weekly gains with the GfK institute survey bringing some relief, showing on Friday that German consumer sentiment is expected to stabilize next month with the help of energy measures.
Risk-sensitive sterling was near a three-month high against the U.S. currency.
“We’ve still got the third successive day of positive risk sentiment … I think that is keeping the U.S. dollar subdued pretty much across the board,” said Ray Attrill, head of FX strategy at National Australia Bank....

Source: Dollar Hovers Near 3-Month Low Amid Bets Fed Will Slow Hikes

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