The dollar traded steady after rising on Thursday following better-than-expected U.S. economic growth data, as investors awaited the Federal Reserve’s preferred measure of inflation.
France’s rate of price rises eased below the European Central Bank’s target this month and the economy grew a little less than previously thought, adding impetus to calls for cuts to interest rates in the eurozone.
The decline in the eurozone’s inflation rate is welcome news, but the headline measure of price rises understates the scale of the problem facing policy makers, European Central Bank board member Isabel Schnabel said.
Oil prices were on track for weekly gains as robust U.S. economic data eased concerns over weak demand and risks of larger supply disruptions in Libya increased.
An FBI internal watchdog said the bureau continues to make the same kinds of serious errors in child sex-abuse cases revealed by the Nassar scandal, with law-enforcement inaction exposing minors to prolonged abuse.
