Dollar Set For Weekly Loss; Bitcoin Nears Largest Weekly Rise In 2-1/2 Years
The dollar was on shaky ground and set for a weekly loss on Friday. Against a weaker dollar, the euro was perched near a three-month high, trading at $1.1685, and on track for a 1% weekly rise. Sterling also hit a six-month peak, rising 0.08% to $1.3643, with gains of 0.8% for the week thus far.
The greenback, meanwhile, was headed for a more than 0.8% weekly fall, trading at 98.82 and near a three-month low against a basket of six other currencies.
In other currencies:
- The Australian dollar advanced 0.13% to $0.7123.
- The New Zealand dollar added 0.23% to $0.5957, headed for a weekly rise of more than 1%.
- The yen slipped 0.05% to 159.12 per dollar, under pressure from wide US-Japan rate differentials.
In cryptocurrencies, bitcoin scaled an over two-month high on Friday, trading 1.6% higher at $73,823.43. This would mark its largest gain in 2-1/2 years if the weekly rise reaches 17%.
