The dollar fell to a two-week low under cautious US economic pressure from Federal Reserve officials, which is likely to be close to ending the tightening cycle.
Against a basket of six major currencies, the dollar fell to 96.120, its lowest level since Nov. 8, after falling nearly 0.5 percent last week, the biggest weekly drop since late September. The index was down 0.3 percent at the latest reading at 96.208.
At the same time, the euro rose against the dollar despite concerns over negotiations between Brussels and Rome over Italian budget plans. The single European currency was trading at $ 1.1452, up 0.3 percent after hitting a two-week high earlier.
Sterling remained at the center of attention amid expectations that it will remain under pressure. Sterling rose 0.2 percent against the dollar to $ 1.2862 after falling 1 percent last week.
