The dollar fell about 1%, from its highest level in 20 years against other major currencies, at the start of a week that will see dozens of central bank decisions led by the Federal Reserve on Wednesday. , and then the Bank of Japan and the Bank of England the next day.

The dollar index, which measures the dollar’s performance against six major currencies, rose 0.09% on Friday to 109.66, consolidating after two volatile weeks, hitting 110.79 on September 7 for the first time since mid-2002 and 107.67 after six days.

Investors hesitated on economic data that sometimes suggested the Fed might slow down its rate hikes to reduce damage to the economy and the risk of a recession, only to then show that inflation was still rising fast.

The British pound settled at $1.1426 after falling to a 37-year low of $1.1351 on Friday.

The euro edged slightly at $1.00075 to extend its week of consolidation after swinging between a 20-year low of $0.9864 on September 6 and a nearly-month high of $1.0198 a week ago.