Sharjah24 –Reuters: The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level.
The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained above the Bank of Japan's (BOJ) 2% target in a sign conditions for further interest rate hikes were falling in place.
The dollar index =USD edged down 0.05% to 107.01, not far off Thursday's one-year high of 107.15, its highest level since Oct. 4, 2023, with little data this week to dent its march higher.
Data overnight showed U.S. weekly initial jobless claims unexpectedly dropped to a seven-month low but also indicated some slack as it is taking longer for the unemployed to find new jobs, giving the Fed cushion to cut rates again in December.
Global PMIs are due later in the day, although those figures should not "change the dial too much," said Tony Sycamore, market analyst at IG.
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