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The euro closed higher against the dollar Friday, but finished lower on the week, after the Eurogroup announced it had agreed to a four-month extension of Greece’s bailout.
The shared currency EURUSD, +0.11% traded at $1.1377, down from its session high of $1.1430. It had traded at $1.1369 Thursday. Greece’s bailout agreement is set to expire on Feb. 28. The shared currency recorded a 0.1% weekly loss against the U.S. dollar.
The ICE U.S. Dollar Index DXY, -0.09% a measure of the dollar’s strength against a trade-weighted basket of six currencies, finished lower for the fourth week in a row. The index was down 0.05% to 94.3490.
The dollar USDJPY, +0.04% finished the session at 119 yen, unchanged from Thursday’s close, because of the market’s focus on Greece Friday, rather than the U.S. economy.
The pound GBPUSD, -0.11% traded at $1.5399, compared with $1.5417 Thursday.
March copper HGH5, -0.59% fell 4.2 cents, or 1.6%, to $2.578 a pound.
March palladium PAH5, -0.98% fell $5.85, or 0.7%, to $780.95 an ounce, while April platinum PLJ5, -0.73% lost $7.90, or 0.7%, to $1,164.40 an ounce.
Gasoline for March RBH5, +1.57% nudged up by 2.5 cents, or 1.5%, to $1.641 a gallon. At the retail level, prices for the fuel marked its 25th daily increase in a row.
Heating oil also got a boost on the expectations for stronger heating-fuel demand. March heating oil HOH5, +7.08% ended at $2.112 a gallon, up 11.8 cents, or 5.9%. The contract was up 7.1% on the week.
March natural gas NGH15, +3.71% jumped 11.7 cents, or 4.1%, to settle at $2.951 per million British thermal units, with the contract 5.2% higher on the week. This week, the U.S. has seen freezing temperatures, which look set to continue.
