The Fed, the European Central Bank and the Bank of England are all set to announce interest rate decisions next week as policy-makers continue to tap the brakes on economic growth through higher rates to thwart stubbornly high inflation.
The euro was last up 0.5% at $1.0555 against the dollar, while sterling was up 0.2% against the dollar.The US dollar index, which measures the greenback against a basket of currencies, was last down 0.3%. The US dollar index remains up about 9.5% for the year so far, but is down more than 6% for the fourth quarter, putting it on track for its biggest percentage quarterly decline since the third quarter of 2010, when it dropped 8.5%, according to Refinitiv data.
Yall are late to the party.
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