Feb 22
Euro Printing Sunday Worst Since January ...

The euro on Friday posted the biggest weekly loss against the dollar since January and further losses seen as a possibility, such as debt worries resurfaced after a German news report, later denied, showed Greece has raised the possibility of leaving the euro zone.

In late afternoon New York trading, the euro traded lower at $ 1.43480, down 1.3 percent on the day, retreating from 17-month peak of $ 1.49404 on Wednesday. With the decline of 3.3 percent for the week, the euro was at a phase for the worst week against the dollar since January.
Dollar, meanwhile, also got a boost from data on Friday showing U.S. recruiters add 244,000 jobs last month, far above what economists had expected. That pushed the U.S. bond yield and improve the attractiveness of the dollar against the yen. Last rose 0.5 percent at 80.54 yen.

Meanwhile, the Australian dollar closed the decline more than 1.2 percent higher at U.S. $ 1.0703, although still rather far from the near three-decade peak above U.S. $ 1.10 reached earlier this week. (BA)

 

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