The U.S. dollar on Friday fell to its lowest level since late March, and was set to snap a string of consecutive winning weeks.
The ICE Dollar Index a measure of the greenback’s strength against six of its closest trading rivals, was down 0.4% to 96.801, its lowest level since March 28. The index is set for its first weekly loss since the week ending March 12, according to data from FactSet.
The euro was the big winner from the broad-based dollar weakness, trading through the psychological level at $1.13. The common currency was most recently changing hands at $1.1308, compared with $1.1254.
The Japanese yen meanwhile, was trading at its lowest level versus the buck since March 5.
Selling pressure on the yen, considered a haven currency, came as U.S. equity markets rose Friday in New York. The Dow Jones Industrial Average rose more than 200 points, the S&P 500gained 0.4% and the Nasdaq Composite.