Dollar Heads for Weekly Gain as Fed Pushes Back on Pivot

Dollar Heads for Weekly Gain as Fed Pushes Back on Pivot
U.S. dollar notes are seen in this illustration on Nov. 7, 2016. Dado Ruvic/Illustration/Reuters
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LONDON—The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate.

It fell against the pound, which edged higher after a volatile session on Thursday following Britain’s budget for tax rises and spending cuts.