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Dollar falls but aims for fourth weekly rise
The dollar experienced a slight decline on Friday but is on track to achieve its fourth consecutive week of gains, amid expectations that the Federal Reserve will raise interest rates again by the end of 2026. Market concerns were highlighted by data on consumer confidence and inflation, while a drop in oil prices led to temporary stability. The euro and the British pound remained stable, and the Australian dollar rose by 0.2%. The Federal Reserve's minutes indicated that monetary tightening will continue, with expectations of another interest rate hike in December, supporting the sustained strength of the dollar at near its highest level in a year and a half.
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