The dollar was lower on Friday and on track for its first weekly fall in more than a month against the euro and the yen, reflecting fading expectations for a Federal Reserve rate hike and lingering concerns about an AI-driven equity selloff.
Hotter-than-expected consumer and producer price readings initially rattled markets this week, but comments from Fed officials signaling no urgency to tighten policy further helped stabilize Treasury yields and eroded support for the dollar.
