The dollar retreated on Friday after touching a two-week high, surrendering part of its recent gains as riskier assets recovered from a steep sell-off driven by worries over rising artificial intelligence-related spending this year.
Despite the pullback, the US currency was still on course for weekly gains. It trimmed some of its earlier losses against the Japanese yen after fresh US data pointed to improved consumer confidence this month, even as concerns persist over the labour market and increasing living costs, reports Al-Rai daily.
