Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The dollar rose on Friday against most major currencies, as traders positioned themselves ahead of the release of crucial US jobs data that could pave the way for an early Federal Reserve interest rate hike.
The dollar index, which measures the performance of the US currency against six other major currencies, rose 0.1 percent to 96.204, which qualifies it for a weekly gain. This would be the sixth consecutive weekly gain and the longest streak since January 2015.
The euro settled at $1.13, unchanged from the previous session, and consolidated after falling to a nearly 17-month low of $1.1186 last week.
The dollar rose 0.1 percent to 113.31 against the Japanese yen.
The Australian dollar fell 0.5% to a 13-month low of $0.7049, falling for the fourth consecutive session.
The British pound fell 0.2 percent to $1.3274.
Among emerging market currencies, the volatile Turkish lira approached an all-time low on Friday, prompting the central bank to intervene directly by selling dollars.
