The dollar was on track for its best performance in seven years on Friday, having been buoyed by the Federal Reserve's aggressive monetary policy tightening and concerns about the global growth outlook.
The U.S. dollar index , which measures the greenback against a basket of currencies, has surged more than 8% this year, the most since 2015. It was last 0.05% lower at 103.93.
"I expect the king dollar to lose its crown and the dollar to make a more decisive turn by the middle of next year," Bank of Singapore currency strategist Moh Siong Sim said. The single currency had dipped below parity against the dollar earlier this year for the first time in almost two decades.
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