The ICE U.S. Dollar Index finished lower for the third week in a row Friday as a mixture of weak U.S. data and signs of growth in the eurozone threatened the buck’s seven-month rally.
The dollar index DXY, +0.00% which measures the dollar’s strength against a trade-weighted basket of six rival currencies, was up 0.1% Friday to 94.1910, but finished the week 0.5% lower. The euro comprises nearly 60% of the index’s value.
The euro EURUSD, -0.11% was at $1.1387, compared with $1.1407 Thursday. It was at 135.28 yen in recent trade, compared with ¥135.66. Against Britain’s currency, the euro EURGBP, -0.20% was buying 73.93 pence versus 74.13 pence on Thursday.
The pound GBPUSD, +0.08% recorded a weekly gain against the dollar for the first time in five weeks, fueled by the BOE’s suggestion on Thursday that it could raise interest rates in 2016. It traded at $1.5397 Friday, compared with $1.5388 Thursday
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