LONDON—The dollar slipped on Friday as investors awaited the latest U.S. jobs figures, after jumping in the previous session following a raft of central bank decisions.
The U.S. currency dipped against the euro, reversing earlier gains. The euro was last up 0.17 percent to $1.093, remaining far above September’s 20-year low of $0.953.
The Federal Reserve’s Open Market Committee (FOMC) on Wednesday raised interest rates by 25 basis points to a range of 4.5 percent to 4.75 percent, a softer approach than the previous increase of 50 bps.
The slowdown in the pace, and comments from the central bank, helped send the dollar tumbling as traders hoped rate hikes might soon end altogether….