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Dollar Edges Higher; Fed in Focus After ECB Turns More Dovish

The dollar pushed higher in early European trading Friday, with attention turning to next week’s Federal Reserve meeting after the European Central Bank’s dovish performance on Thursday. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 92.865, but still below Wednesday’s 3 1/2-month high of 93.194.  USD/JPY rose 0.1% to 110.28, GBP/USD fell 0.1% to 1.3754, despite retail sales rising 0.5% in Jul

MongiIG

MongiIG in Market News

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