[size=36]The position of its decline, which lasted for weeks, the dollar achieved expected profits[/size]
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dollar headed, on Friday, to its first week of gains after rebounding from the intense selling caused by payrolls, as investors continued to think about the timing of reducing the Federal Reserve’s stimulus.
The dollar index, which measures the greenback against six major peers, fell 0.07% to 92.469, but remained on track for a weekly gain of 0.4%.
And last Friday, it fell to its lowest level since August 3 at 91.941 after data showed that the US economy created the fewest number of jobs for seven months, reducing prospects of an imminent reduction of the Federal Reserve's asset purchase program.
Cleveland Federal Reserve Chair Loretta Meester is scheduled to speak about monetary policy later Friday at the Bank of Finland event.
The euro rose 0.07% to $1.18325, on Friday, on track to fall 0.39% this week.
The single currency got a modicum of support overnight, after the European Central Bank said it would scale back emergency bond purchases over the next quarter, as was widely expected.
The dollar rose 0.1% to 109.845 yen, and is heading for a 0.15% gain this week, although the pair has been still stumbling in the middle of its range for the past two months.
The Australian dollar rose 0.24% to $0.7385, paring its loss for the week to 0.85%, after drawing support from a rise in risk appetite after the White House said President Joe Biden spoke by phone with Chinese leader Xi Jinping in their first conversations, in seven Months. Ended 29/A 4