The dollar headed for its first winning week in three on Friday after rebounding from a payrolls-induced sell-off, as investors continued to ponder the timing of a tapering of Federal Reserve stimulus.
Cleveland Fed president Loretta Mester is scheduled to speak about monetary policy later on Friday at a Bank of Finland event.
However, even with the trend toward monetary policy becoming less accomodative globally, financial conditions remain ultra-loose, which "binds how much room the USD has to run and favors selling rallies," McCormick said."The Fed’s path towards policy normalisation should
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