Dollar Dips Ahead of US Inflation Data, Fed Meeting Next Week

Dollar Dips Ahead of US Inflation Data, Fed Meeting Next Week
U.S. Dollar and Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Reuters
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LONDON—The dollar edged lower against major currencies on Friday as concerns resurfaced about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week.

After a lull in market-moving news, investors are looking towards rate decisions next week—including from the Fed, the European Central Bank, and the Bank of England.