LONDON—The U.S. dollar edged lower versus major currencies on Friday ahead of key inflation data later in the day, as traders weighed how the U.S. economy’s faster than expected growth would influence Federal Reserve thinking on interest rate policy.
Data on Thursday showed the world’s largest economy grew more than forecast in the fourth quarter at 3.3 percent and showed price pressures were easing, adding to speculation the Fed would be in no rush to cut interest rates.
