Market News
Dollar edges down but set to end week on a high - REUTERS
By Rae Wee and Greta Rosen Fondahn
- Summary
- Dollar hovers near 2-year high on hawkish Fed outlook
- Yen rises after officials step up intervention warnings
- US PCE data in focus
SINGAPORE/GDANSK, Dec 20 (Reuters) - The dollar edged down on Friday but hovered near a two-year high and looked set to wrap up its third week of gains while markets digested a raft of global central bank action and the looming risk of a U.S. government shutdown.
The dollar was down 0.20% against a basket of six other currencies at 108.2 , but earlier in the day rose to a two-year peak at 108.54.
Currencies overall took a breather after a broad greenback rally that drove its peers to milestone lows, with the South Korean won sinking to a 15-year trough, the Canadian dollar at its weakest in more than four years and the Australian and New Zealand dollars hitting two-year lows.
