Early afternoon trade in New York: euro rises from eight-month low

The euro rose against the dollar on Friday, bouncing off an eight-month low the previous day, on talk the European Central Bank is considering stimulus measures to cope with the eurozone debt crisis. But concerns about a Greek default kept investors wary.
The euro fell 1.3 percent against the dollar this week, while the dollar index, which tracks the greenback against a basket of currencies, rose 1.6 percent. The euro is down 8 percent since its August 29 peak at $1.45500. The Australian dollar, a proxy for global growth, fell 5.3 percent this week, its worst week since May 23, 2010. In early afternoon New York trade, the euro was up 0.3 percent at $1.3504, rising from an eight-month low of $1.3384 struck on Thursday on trading platform EBS.