LONDON/TOKYO—The dollar was little changed on Friday after jumping in the previous session, as traders analyzed a raft of central bank rate hikes and grappled with the prospect that borrowing costs still have a way to climb.
The euro was flat against the dollar in early European trading at $1.063. That followed a 0.5 percent fall on Thursday after the European Central Bank (ECB) raised interest rates and signaled it was far from finished, raising fears about the potential damage to the global economy and sending investors towards the safe-haven greenback.
