The dollar fell after it was announced U.S. inflation fell to 2.7% y/y in November, down from 3% in October.
The pound slipped against the dollar after the headline U.S. jobs report beat expectations.
The pound to dollar exchange rate (GBP/USD) can retreat further in the coming week, but the pullback should be shallow.
U.S. Dollar on a Downslope: Invesco
- Category: USD
The U.S. dollar is set to weaken further as diverging central bank policies erode the currency’s yield advantage, according to Invesco.