The dollar and Swiss franc rallied on Friday as events in Egypt prompted more investors to see the Middle East and North Africa destabilising, increasing the demand for safer havens. The euro was last down 0.7 percent at $1.3633 on electronic trading platform EBS, nearly a cent and a half from the two-month high of $1.3760 hit on Thursday, on speculation of a eurozone interest rate rise. It fell 1.1 percent against the Swiss franc.
The dollar lost 0.3 percent against the Swiss franc, while sterling fell 0.6 percent against the dollar. The Egyptian pound touched its weakest in at least six years versus the dollar. The dollar lost 0.9 percent on the day to 82.18 yen on electronic trading platform EBS, pulling back from a rally to 83.22 yen on Thursday. Traders said a triggering of stop-loss orders around 82.50 yen led the dollar lower.
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