Dollar set for biggest weekly drop in three months

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Dollar set for biggest weekly drop in three months
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The dollar slipped against its rivals on Friday and was set for its biggest week...

LONDON - The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. central bank meeting next week where policymakers will shed more light on the outlook for interest rates.

“We are coming to the end of a very exhausting week in currency markets with the Brexit news and investors are waiting to get more insights from the Fed,” said Esther Maria Reichelt, an FX strategist at Commerzbank. The outlook for both those currencies is heavily correlated with the outlook for the Chinese economy.

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