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Dollar on Track For Best Week in Six Months


Friday, 8 February 2019 23:12 WIB

DOLLAR Indeks DolarDolar AS


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The dollar held steady against a basket of currencies on Friday, keeping it on track for its strongest weekly gain in six months, as traders piled into the greenback in a safe-haven move on worries about a weakening global economy.

The euro hovered at a two-week low with support at $1.13. The single currency was briefly set for its steepest weekly drop in four months earlier on Friday in the wake of data that showed an economic slowdown in Europe was spreading.

At 10:35 a.m. ET (1535 GMT), an index that tracks the greenback versus the euro, yen, sterling and three other currencies was up 0.07 percent at 96.570.

On the week, the ICE dollar index was up nearly 1 percent, which would be its biggest weekly increase since a 1.28 percent jump in the week of Aug. 10, 2018.

The euro was down 0.05 percent at $1.13320, putting its weekly decline at about 0.9 percent.

Source : Reuters


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