The dollar is wrapping up its second best month of the year as lack of official data muddies the outlook for the US economy and the Federal Reserve’s interest-rate path.
The Bloomberg Dollar Spot Index advanced for a third day on Friday, bringing October’s gain to 1.6%. The greenback got a boost this week when Fed Chair Jerome Powell said that another rate cut this year is far from certain. Meanwhile, the dollar’s peers from developed countries — namely the euro, British pound and Japanese yen — are being bogged down by their domestic troubles.