The U.S Fed is expected to strike a dovish stance at its policy scheduled today.
Analyst survey expects the dollar to weaken by about 2% to 94.1 by the second quarter of next year.
The U.S. Dollar Index gained 0.19% to 96.858 by 5.56 am local time on Friday.
The U.S. Dollar Index tracks the American dollar against a basket of other major currencies.
The American Dollar Index tracks the dollar’s strength relatively against a bouquet of other major currencies.
American dollar ended the week cumulatively lower as the possibilities of the second wave of COVID-19 pandemic limited its upside.
Nigeria's currency is expected to have little price swings in the coming weeks, as the lockdown aggravates dollar shortages.