A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha Acquire Licensing Rights
LONDON, Nov 27 (Reuters) – The U.S. dollar began the last week of November on the back foot and was on track for its biggest monthly drop in a year as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates.
A postponed OPEC+ meeting, the release of the Federal Reserve’s tracked measure of inflation alongside consumer prices data in the euro zone and Australia fill this week’s calendar, which will also see a rate decision from the Reserve Bank of New Zealand and Chinese PMI data.
The dollar index , which measures the currency against six major peers, slipped as much as 0.2% to 103.22 and was headed for a monthly loss of more than 3%, its worst performance in a year.
“Expectations are that U.S….
