Key Highlights
- The dollar index, which measures the currency against six peers, was down 0.1% at 98.994, not far from Thursday's five-week low of 98.765.
- For the week, the index was down 0.5%.
- The euro was about flat at $1.16433, not far from Thursday's three-week high of $1.1681.
- Traders are pricing a nearly 90% chance of a Fed rate cut next week, and potentially two more reductions next year, LSEG data showed.
- "This week, some soft labor market data releases from alternative sources helped crystallize what still appears to be an overdone 90% probability of a cut next week," Antonio Ruggiero, FX & macro strategist at Convera, said.
