21/05/2021
The dollar traded lower in early European trade Friday, heading for a weekly loss as concerns eased over Federal Reserve members discussing potentially tapering back bond buying.
At 3 AM ET (0800 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 89.737, down about 0.6% for the week so far.
EUR/USD traded 0.1% higher at 1.2237, not far below the four-month high of 1.2245 it hit earlier in the week, USD/JPY was 0.1% lower at 108.71, while the risk-sensitive AUD/USD was down 0.2% at 0.7756.
The dollar has given back a bounce it made after a mention of possible future tapering discussions, in minutes from the Fed's April meeting, prompted fears of early rate rises.
