Dollar slips as weak data shift Fed rate-hike expectations

The dollar slumped Friday, locking in a slight weekly decline against its main rivals, as a raft of disappointing U.S. economic data led investors to dial back their expectations for the timing and pace of Federal Reserve interest-rate hikes.

The greenback USDJPY, -0.65% weakened to ¥101.09 late Friday after a raft of U.S. economic data, compared with ¥101.86 late Thursday in New York. The euroEURUSD, +0.2155% strengthened to $1.1163 late Friday, compared with $1.1138 late Thursday.

Meanwhile, the pound GBPUSD, -0.2779% weakened to $1.2917, compared with $1.2957 late Thursday. Against the euro, the British currency EURGBP, +0.5234% fell to a new post-Brexit low.


The ICE U.S. Dollar index DXY, -0.24% a measure of the buck’s strength against a basket of half a dozen rivals, finished the week down 0.5% at 95.7260.

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