Dollar set for best week in four months on hawkish Fed, geopolitics

Overnight, the greenback got an added lift after data showed the number of Americans filing new applications for unemployment benefits fell more than expected last week, underscoring labour market stability. It clung to gains in early Asia trade on Friday and left sterling languishing near a one-month low at $1.3457. It was headed for a weekly drop of nearly 1.5%. The euro was similarly down a touch 0.02% at $1.1768 and set ‌to lose 0.8% for ⁠the week, ⁠with the common currency also weighed down by uncerta ...