US dollar falls as the euro receives extra late-day lift
Reuters
The US dollar on Friday fell against major currencies as US yields languished and the euro got an extra late-day lift following a earlier boost from an upbeat survey of purchasing managers.
The US dollar index fell 0.5 percent to 90.808, down 0.8 percent from a week earlier, after the euro climbed 0.7 percent to US$1.2098, pushing through its earlier high for the week.
More than half of the euro’s appreciation came late in the day after the market digested earlier economic news.
“This is thin markets on a Friday afternoon,” said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. “The euro making new highs for the week late in the day suggests it is going to have momentum into next week.”
US Dollar: Dollar falls as yields languish, euro gets extra late-day lift
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