Monday 25 May 2015

Dollar books 1st weekly gain against euro in 5 weeks

The dollar recorded its first weekly gain against the euro in five weeks on Friday, finishing the week up 3.4% against the shared currency.

However, it remains about 5% below a more-than 12-year-high against the euro reached in mid-March.

The euro EURUSD, -0.2361%  fell to $1.1000 after the consumer-price data, its lowest level in about three weeks, from $1.1110 late Thursday in New York. It traded at $1.1005 late Friday in New York. The dollar USDJPY, +0.09%  strengthened to 121.58 yen, its highest level since mid-March, from ¥121.05 late Thursday. The pound GBPUSD, -0.0839%  weakened to $1.5477, from $1.5662.

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