FOREX-Dollar edges up from three-month low, French inflation data dents euro

The dollar edged up from a three-month low on Thursday but was still set to post its steepest monthly decline in a year as investors ramped up bets that the Federal Reserve was done with rate hikes ahead of a crucial inflation report later in the day. The euro dropped after lower-than-forecast French consumer prices data, a day after data showed price growth in Germany and Spain also slowed, suggesting downside risks to the euro area figure released later in the day. "The key drivers in November for the dollar weakness have been the benign inflation data and the loosening signs of the labour market," said Mohamad Al-Saraf, associate, FX and rates strategy at Danske Bank.