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Dollar at the highest level in 13 months
10:17 - 10/08/2018
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The dollar rose to a 13-month high against a basket of currencies on Friday, and the yen gained as risk appetite eased as global trade tensions and diplomatic disputes surged.
The euro fell to its lowest level since July 2017, while sterling fell to its lowest level in a year amid speculation that Britain would leave the EU without a deal on its relationship with Brussels in the future.
The dollar index, which tracks the performance of the greenback against a range of six major currencies, rose more than 0.6 percent to 96.103, its highest level since July 2017.
The US currency has been supported by growing global trade tensions and geopolitical tensions, with the United States announcing this week it will impose new sanctions on Moscow. Washington is also at odds with Turkey.
The euro was down 0.75 percent at 127.13 yen, the sterling lost 0.25 percent to 142.03 yen and the Australian dollar fell 0.85 percent to 81.29 yen.
The Turkish lira hit an all-time low of 6.49 lira to the dollar on Friday after a meeting between a Turkish delegation and US officials in Washington did not result in a clear solution to Turkey's detention of a US priest.
At the same time, sterling fell 1.55 percent this week on concerns about the so-called "hard" exit of Britain from the European Union.
Sterling fell about 0.2 percent to $ 1.2830 on Friday, after hitting a one-year low of $ 1.2798.
The euro fell 0.6 percent to $ 1.1438, its lowest level since July 2017.
The dollar was down 0.1 percent at 110.98 yen, moving from a session high of 111.165 yen
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