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The U.S. dollar fell on Monday, dropping to a two-week low against the yen, as traders looked ahead to several major central bank meetings and a slew of major economic data releases this week.
The dollar rose against the euro on Wednesday before several Federal Reserve officials were due to speak and as investors watched the war between Hamas and Israel for signs of escalation.
Data on Wednesday had shown U.S. producer prices increased more than expected in September amid higher costs for energy products and food
The Labor Department's report on Thursday showed the annual increase in consumer prices last month, excluding the volatile food and energy components, was the smallest in two years
Bostic told the American Bankers Association that Fed policy is sufficiently restrictive and that he sees no recession ahead even as the Fed's rate hikes slow the economy and bring down inflation.