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Dollar set for biggest weekly drop in two months


Friday, 7 December 2018 16:24 WIB

Indeks DolarDolar AS


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The dollar nursed losses on Friday after sustaining a large overnight drop as growing speculation that the U.S. central bank may be readying to signal a pause in its three-year rate hiking campaign was offset by concerns that global growth is slowing.

The greenback was broadly flat against its rivals at 96.83. However, on a weekly basis, the dollar was set for its biggest drop in more than two months against a basket of its rivals.

On Friday, the dollar was steady against the euro at $1.1371. Against the Japanese yen , it tacked on 0.1 percent to 112.79 yen.

The Australian dollar was flat at $0.7216, not far off a three-week trough of $0.7192 hit on Thursday.

Reuters


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