The euro took off against the dollar on Friday, helped by comments out of Europe suggesting that Greece should be able to handle its heavy debt load. The euro, however, hit a record low versus the Swiss franc, as did the dollar, indicating investors remained worried that sovereign debt problems in Europe, a divisive budget debate in Washington, and low US interest rates that would hamper both currencies.
In midday, New York action, the euro rose nearly more than 1.0 percent to $1.428800, but was still off $1.42990, a one-week high hit in earlier trade. Offers from Asian sovereign names in the $1.42800 level were seen capping the single currency's upside. The euro was also helped by a broadly weak dollar amid a run of softer US economic data the last few days.
The euro fell 0.5 percent against the franc to 1.21750 after hitting an all-time low at 1.21550. The dollar also dropped to record troughs at 0.85111. The dollar hit a three-year low versus the New Zealand dollar, which was last at 0.8184, up 1 percent.
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