Euro sinks more than 3% vs. buck for 2nd week in a row

 

The euro lost more than 3% of its value against the buck for the second straight week Friday, as the dollar’s eight-month rally resumed.

The euro EURUSD, -1.32% traded as low as $1.0465, its weakest level since January 2003.

The pound GBPUSD, -0.94% traded as low as $1.4700, its lowest level since June 2010, before both currencies staged a slight recovery. 

The euro traded at $1.0634 late Thursday, while the pound traded at $1.4849.

The ICE U.S. Dollar Index DXY, +0.91% a measure of the dollar’s strength against a basket of six currencies, was up 0.76% to 100.1900 in recent trade.