The US dollar dived at its weakest in more than a week versus a basket of major currencies Friday, suffering another setback overnight due to more disappointing US economic data.
Position, data flow, and policy remarks have been working against the greenback… “We do not think this will last, and suspect most investors feel the same,” said Steven Englander, Head of G10 Strategist at CitiFX.
The dollar traded at $1.0758 per euro, rising as far as $1.0818 earlier, a peak last noticed on April 8. Against the Japanese yen, the currency ended near ¥119.00, off this week’s ¥120.845 high.
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