LONDON/SINGAPORE—The dollar fluctuated on Friday and was little changed in morning trading in London after two days of gains, as investors weighed up the outlook for interest rates following the release of stronger-than-expected U.S. economic data on Thursday.
The euro was up slightly against the dollar, standing 0.1 percent higher at $1.061, after slipping less than 0.1 percent on Thursday.
Meanwhile, the yen was down 0.2 percent at 132.62 to the dollar. Yet the Japanese currency was on track for a weekly gain of around 3 percent after the Bank of Japan (BOJ) tweaked a key bond market policy earlier this week.
In what has been a brutal year for global markets, the dollar has surged almost 9 percent as the U.S. Federal Reserve has aggressively hiked interest rates to tame inflation, luring investors back towards the country’s fixed income assets….