The dollar enters the week on a shaky footing, having lost its weekly gains against both sterling and the euro. It also weakened across the board, with the dollar index hitting its lowest levels in over seven months this morning. US dollar had its most pronounced selling against the risk-sensitive New Zealand and Australian dollars. This is largely due to easing US inflation and the possibility of less aggressive interest rate hikes from the Federal Reserve.
In the stock markets however, Major US stocks closed in the green on Friday. This was after investors digested the latest economic data and several earnings releases from big banks.
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