Dollar Hovers Near 3-Month Low Amid Bets Fed Will Slow Hikes

Dollar Hovers Near 3-Month Low Amid Bets Fed Will Slow Hikes
U.S. dollar, euro, and Ukrainian hryvnia banknotes are seen in this picture illustration taken in Kyiv, Ukraine, on Oct. 31, 2016. Valentyn Ogirenko/Reuters
Reuters
Updated:

LONDON—The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors.

The euro was set for weekly gains with the GfK institute survey bringing some relief, showing on Friday that German consumer sentiment is expected to stabilize next month with the help of energy measures.