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The dollar climbed up on Friday as comments by Federal Reserve policymakers pushed higher investor expectations for a near-term interest rte hike.
Boston Fed President Eric Rosengren said in a speech on Friday that gradual interest rate increases might be appropriate with the US economy at full employment and warned that low interest rates were increasing the chance of an overheated economy.
EUR/USD slipped 0.36 percent to 1.1226, weighed lower by a report on German exports that showed the steepest drop in nearly a year.
Commodity-linked currencies were battered by the greenback as forex investors cut carry trade positions in higher-yielding currencies like the Aussie and the New Zealand dollar.
Wall Street shares tumbled lower on Friday as concerns grew the Federal Reserve might raise rates this month. The major indices all dropped more than 2 percent as did crude oil.
Boston Fed President Eric Rosengren said in a speech on Friday that gradual interest rate increases might be appropriate with the US economy at full employment and warned that low interest rates were increasing the chance of an overheated economy.
EUR/USD slipped 0.36 percent to 1.1226, weighed lower by a report on German exports that showed the steepest drop in nearly a year.
Commodity-linked currencies were battered by the greenback as forex investors cut carry trade positions in higher-yielding currencies like the Aussie and the New Zealand dollar.
Wall Street shares tumbled lower on Friday as concerns grew the Federal Reserve might raise rates this month. The major indices all dropped more than 2 percent as did crude oil.
