Dollar Erases Daily Drop on Pre-Weekend Position Trimming
- Retreat by euro, Mexican peso help greenback recover
- Core CPI rises less than forecast for 6th time in 7 months
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The dollar was little changed Friday, paring losses spurred by weaker-than-forecast inflation data as positions were trimmed before the weekend.
The Bloomberg Dollar Spot Index remained on track for its first weekly loss in five, despite recovering late in the session amid gains against the euro and Mexican peso. The greenback had earlier fallen as much as 0.3 percent after U.S. September consumer prices rose less than estimated, leading to reduced odds of a Federal Reserve rate hike in December.