NEW YORK: The dollar rose on Friday from two-and-a-half-year lows as some investors squared positions heading into year-end, while Bitcoin edged lower but still hovered near its all-time high. The dollar index was last up 0.17% to 89.9840, after dropping to 89.723 on Thursday.
Brexit will remain in focus on Friday for currency investors, although it is unclear with the ongoing trade deal negotiations between Britain and the European Union will be much of a driver, said Vassili Serebriakov, currency strategist at UBS in New York.
The EU said on Friday there were just hours left to strike a Brexit trade deal as the two sides race to prevent a turbulent finale to the Brexit crisis at the end of the month.
The pound, last down 0.66% to $1.3494, has reversed some of its gains against the dollar and euro as the Brexit talks continued. Investors remain focused on Bitcoin, which last traded around $22,406, down 1.67% after rocketing to its highest-ever level on Thursday. The dollar rebounded as much as half a percent against the yen to 103.595 yen. It was last up 0.25% at 103.3350.
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