Investing in Currencies

Investing.com - The U.S. dollar edged higher in early European trade Friday, but remained on course for its steepest weekly decline since July after the Federal Reserve signaled rate cuts next year while central banks in Europe stuck to their hawkish paths. At 04:15 ET (09:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.702, not far from the four-month low of 101.459 seen earlier Friday.  The index is down over 2% this week so far. Fed’s dovish pivot hits...