The dollar was edging higher against major European currencies early Friday in Europe after weak Chinese inflation data overnight reinforced concerns about global growth.
At 03:00 AM ET (08.00 GMT), the dollar index futures contract that tracks the greenback against a basket of major currencies was at 96.953. That’s just off a new two-month high of 97.067 that it hit overnight.
The euro was at $1.1278, down 0.2% and seemingly set to test a three-month low of $1.1218 later. The British pound was still struggling below $1.28 after another parliamentary defeat Thursday – albeit only a symbolic one, for Prime Minister Theresa May over her Brexit strategy.
Elsewhere, the dollar was higher against the growth-sensitive Aussie and Kiwi, and against higher-yielding currencies such as the Turkish lira and South African rand.