NEW YORK: The US dollar softened slightly on Friday, along with the Japanese yen and the Swiss franc, as risk appetite recovered, with the rally in US Treasuries running out of steam and global stock markets steadying.
The dollar index slid 0.114% to 92.259, just a few pips from where it ended the previous week, with the greenback in a holding pattern as traders assess new concerns about the pace of the global economic recovery from Covid-19 in the face of fast-spreading variants.
The yen declined 0.39% to 110.180, but was still on track for its biggest weekly rise against the greenback since early November, while the franc eased 0.04% to 0.9155.
The Canadian dollar strengthened 0.25% against the US dollar to $1.25 after data showed Canada added more jobs than expected in June as public health restrictions were eased in several regions of the country.
Commodity-linked currencies rose, with the Aussie up 0.71% at $0.74825 after earlier touching a fresh low for the year at $0.7410, and New Zealand’s kiwi rising 0.66% to $0.69915. It had plunged more than 1% in the previous session.
The euro extended gains on top of a 0.45% jump on Thursday, adding 0.2%% to $1.18675.