Pound was stronger against the euro and could continue to get a lift from expectations that the ECB will cut interest rates before the BOE.
The main economic release Friday is the ISM manufacturing PMI, while traders will also pay close attention to comments from Fed Chair Jerome Powell later in the session, looking for clues of the central bank’s rate outlook.
* Euro falls after inflation data * Dollar rises, but set for weakest month in a year * U.S. inflation moderates in October * Yen back from the brink; strongest month in 2023 * Month-end activity muddles FX action (Updates prices, adds Fed rate cut probabilities next year) By Gertrude Chavez-Dreyfuss NEW YORK, Nov 30 (Reuters) - The dollar gained on Thursday as investors took profits on bets the currency would weaken further and shrugged off data showing signs the U.S. economy is slowing. Euro weakness after a soft euro zone inflation report also partly helped boost the greenback, analysts said. The dollar index, which measures its value against six major currencies, rose 0.6% to 103.38 and was on track to post its best daily gain in more than a month.