The U.S. dollar booked its largest two-week decline against the euro since September 2012 on Friday, sliding on expectations that the Federal Reserve will begin raising interest rates later, and more gradually, than market participants had previously anticipated.
The euro EURUSD, +0.04% traded at $1.0886, compared with $1.0880 late Thursday. The dollar traded at 119.19 yen, compared with ¥119.19 level seen late Thursday.
The ICE U.S. Dollar Index DXY, -0.03% which gauges the dollar’s strength against six major currencies, was down EURUSD, +0.04% slightly at 97.39.
The pound GBPUSD, +0.22% traded at $1.4907, compared with $1.4853 Thursday.
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