Dollar finishes week 2.1% lower against the Euro

The U.S. dollar finished the week 2.1% lower against the euro on Friday, its largest weekly loss against the single currency in four weeks, as a bevy of weak U.S. economic data caused traders to rethink the timing of what would be the first increase to the fed funds rate since 2006.

The euro EURUSD, +0.42%  traded at $1.0809, compared with $1.0769 Thursday. The dollar USDJPY, -0.07%  also recorded its largest weekly decline against the yen in four weeks, trading at ¥118.90 yen Friday afternoon, compared with ¥118.98 late Thursday in New York.

The dollar’s strength was part of a broader trend of investors dumping risk assets like stocks, Galy said. Stocks traded lower around the world, and emerging-market currencies like the Mexican peso MXNUSD, -1.06%  sold off, as investors sought the perceived safety of the U.S. dollar and the Swiss franc EURCHF, +0.02%

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