The greenback clawed back an earlier loss to trade mixed against counterparts on the final session of the year. For the year, a gauge of dollar strength fell for the first time since the pandemic outbreak, while the Swiss franc outpaced its G-10 peers.
The Bloomberg Dollar Spot Index was little changed after being down as much as 0.2%; the index has lost 2.7% this year, on track for its first annual loss since 2020 on expectations the Federal Reserve will cut interest rates aggressively in 2024.
Swiss franc rises versus dollar after closing lower on Thursday; briefly set new eight-year high versus euro.
USD/CHF loss is trimmed to 0.4% after falling 1.1% to 0.8357 amid a bout of interbank activity; pair posts its biggest yearly loss since 2010.
Data released Friday showed that the SNB slightly reduced its sales of foreign exchange — and buying of its own currency — in the third quarter.
EUR/USD slips 0.2% to 1.1043 amid cross-related and fix flows; common currency is up 1.4% in month.
Spanish inflation remained steady at the end of 2023, tempering a likely euro-zone pickup that may embolden policymakers to keep pushing against bets on imminent interest-rate cuts.
USD/JPY fell 0.3% to 140.97 amid a spike in flows around the London fix; pair is set for a third year of gains amid a wide interest-rate gap between the Bank of Japan and the Fed.
GBP/USD is up 0.2% at 1.2755 Friday and 1.1% in December.
AUD/USD dips 0.2% to 0.6819, paring a loss of as much as 0.7% amid of flurry of interbank activity at the London close; Aussie is up 3.2% in December.
Source : Bloomberg
