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THE DEVELOPMENT OF THE DOLLAR

Dollar above four-month low:

The dollar settled above a four-month low on Friday, while investors awaited the release of core US personal consumption expenditures (PCE) data.

Expectations of a rise in the core indicator:

The core PCE indicator was expected to rise 3.3% year-over-year, slightly less than the 3.5% increase in October.

Lower inflation could give the Federal Reserve room to cut interest rates in the future.

The dollar posted several weekly losses:

The dollar reached lows against the New Zealand dollar and the euro, but then rebounded from those levels.

The dollar's weekly loss was set, although it posted a slight gain (0.08%) on Friday.

Would you currently speculate on the dollar rising against other currencies? (In the context of forex trading?)


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