Dollar heads for weekly loss against major currencies

The dollar index slipped to a one-month low during the week as the euro and sterling both advanced.

Staff Writer
Close-up view of multiple American dollar bills showcasing finance and currency details.
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Article summary

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The US dollar steadied on Friday but is heading for a weekly decline, with its index at 100.72 after brushing a one-month low. The euro and sterling both posted gains against the greenback, while the yen hovered near a 40-year low.

Key points

  • Dollar index at 100.72, down 0.24% for the week
  • Euro at 1.1445, sterling at 1.3476 against the dollar
  • Yen near 40-year low at 162.39 per dollar

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The US dollar steadied on Friday but remains on course for a weekly decline against major currencies.

The dollar index, which tracks the greenback against six major peers, stood at 100.72, heading for a weekly drop of 0.24 per cent after touching its lowest level in a month earlier in the week.

The euro climbed to 1.1445 dollars, set for a weekly gain of 0.29 per cent, while sterling traded at 1.3476 dollars and is on track for a 0.56 per cent weekly rise.

The yen held at 162.39 per dollar, staying close to a 40-year low of 162.84 reached earlier this month.