Dollar set for weekly fall as euro bounces on ECB hike
newscatcher
2022-09-09 12:30
Dollar set for weekly fall as euro bounces on ECB hike
LONDON, Sept 9 (Reuters) - The dollar was on track for its first weekly fall in four on Friday, as a hawkish rate hike from the European Central Bank lifted the euro and investors looked to U.S. inflation data early next week.The dollar lost ground across the board, with the dollar index - which tracks the greenback against six major peers - falling as much as 1.1% on the day. It was last down 0.7% at 108.770 and is set for a 0.8% weekly fall.Among the big gainers was the euro, which leapt as much as 1.

https://www.reuters.com/markets/europe/dollar-relaxes-after-steep-climb-euro-gains-ecb-hike-2022-09-09/

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