The ICE U.S. Dollar index DXY, +0.30% a measure of the dollar’s strength against a basket of six rival currencies, rose 0.2% to 95.0860 in recent trading. It has fallen 1.3% so far this week as investors priced in a new set of Fed projections for the expected path of interest-rate hikes.
In other currency trading, the euro EURUSD, -0.4417% weakened Friday after ECB Chief Economist Peter Praet said eurozone interest rates could go lower in an interview with the Italian newspaper la Repubblica.
The shared currency bought $1.1270 Friday, compared with $1.1319 late Thursday in New York, logging a 1.1% weekly gain.
In other currency trading, the dollar USDJPY, +0.15% strengthened to ¥111.54, compared with ¥111.30 Thursday, but for the week the dollar lost 2% against the yen. The pound GBPUSD, -0.0345% was relatively unchanged at $1.4476.
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