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The U.S. Dollar (USD) declined on Friday, finishing holiday-shortened the week in losses, amid rising concerns about economic recovery and the resurgence of the coronavirus pandemic with new variants.
Mixed economic data also increased worries about the pace of recovery.
The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies fell today by 0.31% to 92.13, losing 0.14% for the week.
U.S. Treasury bond yields rose on Friday for the first time in five sessions, after falling to lows not seen since February, but recorded its second consecutive weekly loss. The benchmark 10-year Treasury bond yield fell by 8 basis points for the week, while the 30-year bond rate decreased by 6.9 basis points, and the 2-year note rate finished down by 2.3 basis points.
Against the Japanese Yen (JPY) the USD lost 0.81%, the biggest fall for the USD/JPY pair since April 23, while its losses to the Euro (EUR) and the Sterling Pound (GBP) came at 0.12% and 0.54%, respectively.
