The dollar index was heading for its worst week in nearly two years on Friday as the euro held firm at a three-week high and sterling gained after hawkish shifts from the European Central Bank and the Bank of England.
The index , which measures the greenback against six major peers was at a three-week low of 95.271, having tumbled 2% this week - its biggest such fall since March 2020.
The euro was at $1.1452, its highest since Jan. 14, after ECB president Christine Lagarde acknowledged mounting inflation risks and declined to repeat previous guidance that an interest rate increase this year was extremely unlikely.This marked a sharp turnaround for what had been one of the world's most dovish central banks.
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