The dollar fell in recent trading days in a year dominated by rising US interest rates and fears of a sharp slowdown in global growth, but the US currency is still on track to post its biggest annual gain since 2015.
Against a basket of currencies, the dollar is up about 8.4% so far in 2022, its biggest annual jump in seven years, but has given up some gains in recent weeks as investors expect the cycle interest rate hike in the US ends next year.
The euro rose 0.2% to $1.0681, and is expected to post a 6.2% annualized loss against the dollar, compared with a 7% decline last year. Weak growth in the Eurozone, the war in Ukraine and the tightening of US monetary policy have put the euro under pressure this year.
The British pound fell 0.1% and is heading for an 11% year-on-year loss.
The Australian dollar, considered a gauge of risk appetite, rose 0.3% to $0.6796 but is on track for a 6.5% decline for the full year.
The US dollar fell 0.9% against the Japanese yen to 131.85 yen. The Swiss franc settled at $0.92275.
