The dollar edged up against a host of currencies on Friday and ended a year’s low against the euro, hit the day before as investors turned back to the ailing US currency. The dollar had been on a downward spiral since March as investors shifted to more risky assets due to signs that the economy was stabilising.The euro was down against the US dollar by 0.2% following the morning session and after hitting a year high of $1.4768 against the dollar on Thursday.
The dollar also saw a rise of 0.2% against the yen, finishing at 91.30 and took a healthy 0.4% rise against the now struggling Sterling ending the session at $1.6383. The Australian and New Zealand dollars also fell against the greenback by 0.2% and 0.1% respectively after both hitting 13 month highs against the US currency on Thursday.
The dollar edged up against a host of currencies on Friday and ended a year’s low against the euro, hit the day before as investors turned back to the ailing US currency. The dollar had been on a downward spiral since March as investors shifted to more risky assets due to signs that the economy was stabilising.
The euro was down against the US dollar by 0.2% following the morning session and after hitting a year high of $1.4768 against the dollar on Thursday.
The dollar also saw a rise of 0.2% against the yen, finishing at 91.30 and took a healthy 0.4% rise against the now struggling Sterling ending the session at $1.6383. The Australian and New Zealand dollars also fell against the greenback by 0.2% and 0.1% respectively after both hitting 13 month highs against the US currency on Thursday.
The dollar edged up against a host of currencies on Friday and ended a year’s low against the euro, hit the day before as investors turned back to the ailing US currency. The dollar had been on a downward spiral since March as investors shifted to more risky assets due to signs that the economy was stabilising.
The euro was down against the US dollar by 0.2% following the morning session and after hitting a year high of $1.4768 against the dollar on Thursday.
The dollar also saw a rise of 0.2% against the yen, finishing at 91.30 and took a healthy 0.4% rise against the now struggling Sterling ending the session at $1.6383. The Australian and New Zealand dollars also fell against the greenback by 0.2% and 0.1% respectively after both hitting 13 month highs against the US currency on Thursday.
