LONDON - The dollar laboured near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015.
The U.S. currency slipped to its lowest since December 2014 this week, with investors selling on the view that other central banks will join the Federal Reserve in looking to raise ultra-low interest rates adopted to combat the 2008 global financial crisis and subsequent recessions.
The dollar index stayed close to those levels on Friday, with fears of a potential U.S. government shutdown also weighing. It was 0.3 percent on the day at 90.243, just off Thursday's low of 90.113. It has lost about 2 percent so far in 2018.
The U.S. House of Representatives passed a bill on Thursday to fund government operations through to Feb. 16 and avoid agency shutdowns this weekend when existing allocations expire. The bill has yet to be approved by the Senate, where it faces an uncertain future.
"Odds of a U.S. government shutdown have risen sharply in the past 24 hours," said ING currency strategist Viraj Patel.