LONDON—The U.S. dollar slipped on Friday and was heading for its first weekly decline this month as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of rate cuts to counter a possible recession.
A significant factor this week has been the fall in oil and commodity prices, which has eased inflation fears and allowed equity markets to rebound. This has eroded the safe-haven bid that has been boosting the dollar against major currencies.
