The U.S. dollar early Friday strengthened against most of its major rivals, and notably the euro, as frayed nerves over political developments in Italy put pressure on the euro.
The euro weakened against the dollar, changing hands at $1.1781, compared with $1.1794 late Thursday, marking its lowest level since Dec. 18, according to WSJ Market Data Group. The European unit is on pace for a monthly fall of about 2.4%.
The ICE U.S. Dollar Index meanwhile, was up 0.1% at 93.618, maintaining a 2018 peak and on track to ring up a 1.2% weekly gain, representing its best such stretch since the period ended April 27, according to FactSet data. The index, which measures the buck versus a half-dozen key rivals, is heavily weighted against the euro, 57.6%.
The WSJ Dollar Index which tracks 16 monetary units against the greenback, was up 0.1% to 87.12.