The dollar tumbled to all-time lows against the Swiss franc and four-month troughs versus the yen on Friday as data showing lacklustre US growth and debt worries on both sides of the Atlantic prompted investors to seek refuge in traditional safe havens.
The greenback, however, gained against commodity-linked currencies such as the Australian, Canadian and New Zealand dollars, which typically struggle when there is heightened risk aversion. In midday New York trading, the dollar fell to record lows of 0.78530 franc on trading platform EBS and was last at 0.78780, down 1.7 percent on the day. On the week, the dollar fell 3.1 percent and 6.3 percent in July, its worst monthly showing since December 2010.
The euro slid to record lows against the Swiss unit as well, to 1.12970 francs. It last traded at 1.13180 francs, down 1.5 percent. The euro on the week fell 3.4 percent and 7.0 percent this month, its worst monthly performance since June last year.
The dollar was down 0.8 percent against the yen at 77.180 yen, having fallen to 77.010 on trading platform EBS, the lowest level since co-ordinated intervention to weaken the Japanese currency in mid-March. The greenback lost 1.3 percent this week and 4.2 percent for the month of July, its weakest level since December 2008.
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