The dollar edged lower against the other major currencies in subdued trade on Friday, as no major U.S. economic data was to be released throughout the day and as lower expectations for a 2016 U.S. rate hike continued to dampen demand for the greenback.
EUR/USD eased up 0.12% to 1.1272, off the previous session’s more than one-week highs of 1.1328.
The single currency strengthened after ECB President Mario Draghi said on Thursday that the current monetary policy is effective and the changes to the banks growth forecast are not so substantial as to warrant a decision to act.
