Early trade in New York: Euro hits three-week high

The euro rose to a three-week high against the dollar on Friday after three straight days of losses while the Australian dollar stabilised from its recent plunge as concerns over a slowdown in China and the euro zone eased slightly. The euro last traded at $1.3264, up 0.5 percent, retreating from a three-week high of $1.3293 hit earlier in the global session, but up from Thursday's low of $1.3133.
It is on track for a second consecutive weekly gain. A key level of resistance for the currency pair is $1.33 and a break of that level would likely move it up towards $1.3500. The greenback was down 0.2 percent at 82.34 yen. The Australian dollar, meanwhile, was up 0.6 percent at US $1.0454 after hitting a two-month low of US $1.0336 the previous session.