Dollar Retreats Modestly Before US Job Data

Dollar Retreats Modestly Before US Job Data
A U.S. one dollar banknote is seen in this illustration taken on Nov. 23, 2021. Murad Sezer/Illustration/Reuters
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LONDON—The dollar retreated slightly on Friday but was still on course to gain over the week before the release of U.S. labor data that investors think could reinforce the case for early Federal Reserve interest rate hikes.

The euro rose 0.13 percent to $1.1315 in morning trading in Europe but was down about 0.5 percent for the week against the greenback.