Dollar surge cools, eyes on Yellen, inflation


LONDON: The dollar edged lower on Friday but remained on course for its first week of gains against the euro and a basket of major currencies since the start of April ahead of inflation numbers later in the day.

The Philly Fed survey of sentiment on Thursday prompted some profit-taking by those who bought the dollar earlier in the week. Dealers said there might be little appetite for another big move ahead of UK and US public holidays on Monday.

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