The U.S. dollar was just below a six-month high on Friday, having strengthened overnight following U.S. economic data, while the yen fell to 10-month lows.
Markets were adjusting to a new outlook for central bank rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% but signalled the hike was likely to be its last. Euro zone bond yields and the euro fell as investors bet the central bank would start cutting rates next year.
Source: CNBC
