Dollar recovers, but down for the weekReuters, NEW YORKThe US dollar rallied on Friday, but posted a weekly drop as traders weighed improving US inflation data against comments from US Federal Reserve officials who cautioned that the battle against rising prices was far from over. US dollar and euro banknotes are pictured on July 17. The US dollar index was up 0.56 percent at 105.67, but posted a weekly loss of 0.89 percent. The New Taiwan dollar on Friday declined against the US dollar, losing NT$0.028 to close at NT$29.970, down 0.07 percent from a week earlier. Data showed UK GDP contracted by less than forecast in June, even though an extra public holiday had been expected to cause a big drag.

Source: Taipei Times August 13, 2022 23:27 UTC