World Economy
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Dollar Stalls

Dollar StallsDollar Stalls

The dollar stalled on Friday, on track to post weekly losses against the euro and yen, as the market’s appetite for risk receded amid a tumble in equities that pulled the greenback further away from its recent highs, Reuters reported. The dollar fetched 122.60 yen after capping off three straight days of losses on Thursday and was enroute for a 0.4% loss on the week. It had scaled a 2-1/2-month high of 123.60 on Monday after a bullish US jobs report heightened prospects of the Federal Reserve raising interest rates in December. The dollar also sank against the Swiss franc.

 

Financialtribune.com