The dollar drifted in early trading Friday, on course for a weekly decline of more than 0.8%. The dollar index, which tracks the US currency against a basket of six peers, last stood at 98.82, approaching its lowest level in three months.
The euro held near a three-month high at 1.1685 against the dollar, set for a 1% weekly gain. Sterling rose 0.08% to 1.3643 dollars, closing in on a six-month peak and up 0.8% for the week. The Australian dollar gained 0.13% to 0.7123, while the New Zealand dollar advanced 0.23% to 0.5957, tracking toward a weekly rise of more than 1%.
The yen moved against the broader trend, slipping 0.05% to 159.12 per dollar. Persistent pressure from the wide interest rate gap between the United States and Japan continues to weigh on the currency.
In crypto markets, Bitcoin reached its highest point in more than two months, rising 1.6% to 73,823.43 dollars. The token is on course for a weekly gain of 17%, which would mark its strongest weekly performance in two and a half years.
