The dollar index, which measures the greenback against a basket of currencies, nudged slightly higher on Friday and was last set for a weekly rise of about 1.1%. Earlier in the week, minutes from the Fed's most recent meeting showed policymakers were divided on the outlook for rates, given the persistence of inflation. Sterling last languished near a one-month low at US$1.3455 and was heading for a weekly drop of 1.4%, its biggest since January 2025. Rates, rates, ratesMarkets on Friday also awaited the release of the US core PCE price index and advance fourth quarter GDP figures later in the day, which could drive the next move in currencies. Elsewhere, the New Zealand dollar headed for a weekly fall of 1.3%, affected by a dovish outlook on rates from the Reserve Bank of New Zealand.

Source: The Edge Markets February 20, 2026 11:07 UTC