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Dollar on track for weekly loss; CPI data in spotlight
The U.S. dollar edged higher Friday, but was struggling to make much headway ahead of the release of U.S. inflation data later in the day, which is likely to shape the Federal Reserve’s rate outlook.
Bitcoin price today: slips to $67k, set for 4th weekly loss; January CPI cools
Bitcoin traded around $67,000 on Friday, extending its recent lethargy and looking set to record a fourth consecutive weekly decline as investors took a cautious stance amid broad weakness across risk assets.
Dollar slips lower and heads for weekly loss; payrolls offers little support
The U.S. dollar slipped slightly lower Thursday, remaining under pressure and on track for a weekly drop, even after a stronger-than-expected U.S. jobs report.
At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 96.700, and on course for a weekly loss of around 1%.
Gold slips below $5,000, silver slumps after blowout U.S. jobs report
Gold and silver prices fell on Thursday, amid a larger risk-off move in equities and a move towards bonds after stronger-than-expected U.S. payrolls data.
Traders also digested renewed trade uncertainty, while looking ahead to a key inflation reading due Friday.
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