The dollar rose on Friday in Asia after hitting one-month lows against the euro and the yen earlier this week amid uncertainty over the pace of U.S. interest-rate increases.
The dollar lost some ground earlier this week as investors questioned how aggressively the U.S. Federal Reserve would raise rates in coming months. Tame inflation and concerns over a global economic slowdown mean the pace would be slow, some market participants say.
Stability in the U.S. stock market overnight and gains in Japanese markets on Friday, however, eased some of these concerns, leading to the dollar’s modest recovery.
