Dollar Edges Higher as Economic Storm Clouds Gather

Dollar Edges Higher as Economic Storm Clouds Gather
A woman holds U.S. dollar banknotes on May 30, 2022. Dado Ruvic/Illustration/Reuters
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LONDON—The dollar hovered around seven-month lows on Friday as a slew of data feeds concern among investors that an economic slowdown could be unavoidable, while a bout of profit-taking forced the yen to retreat.

The dollar edged up 0.2 percent against a basket of other major currencies to 102.17, holding narrowly above Wednesday’s seven-month lows.