LONDON—The U.S. dollar began the last week of November on the back foot and was on track for its biggest monthly drop in a year as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates.
A postponed OPEC+ meeting, the release of the Federal Reserve’s tracked measure of inflation alongside consumer prices data in the eurozone and Australia fill this week’s calendar, which will also see a rate decision from the Reserve Bank of New Zealand and Chinese PMI data.
