The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected US durable goods data for April eased investor concerns about the US economy. The yen overall extended gains from the previous session, as weak equity markets helped the safe-haven currency recover after recent declines. The euro was last at $1.2922, down 0.1 percent on the day, and closer to the session low of $1.2903 than the session peak of $1.2995.
The dollar was last 1 percent lower against the yen at 100.94 with the session low of 100.83 yen on Friday. It fell to a two-week low of 100.82 yen on Thursday when Japanese shares fell 7.3 percent. The euro gained 0.7 percent this week against the dollar, its first weekly gain in three periods. The dollar fell 2.19 percent against the yen for the week, the worst weekly decline since July 29, 2011 at current prices and using Reuters data. The euro was last down 1.1 percent at 131.40 yen, having hit a two-week low of 129.94 yen on Thursday.
Comments
Comments are closed.