⁍ The dollar edged lower against a basket of currencies on Friday, giving back some of the week’s gains.
⁍ The greenback pared some of the day’s losses after strong U.S. retail sales data.
⁍ Strong U.S. retail sales data helped assuage concerns about the health of the U.S. consumer.
– The dollar was little changed against a basket of currencies on Friday, giving back some of the week’s gains built on increased caution over a global surge in coronavirus cases and fading prospects for a US stimulus package before the Nov. 3 election. The US dollar index was 0.2% lower at 93.616, reports Reuters. The index is up 0.6%, for the week, its best weekly gain in three weeks.
Source: https://www.reuters.com/article/us-global-forex/dollar-edges-down-set-for-best-week-in-three-weeks-on-stimulus-uncertainty-idUSKBN27100V