US dollar gains on euro

US dollar gains on euro

Story link: US dollar gains on euro

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The US dollar strengthened in relation to the euro and the yen Friday.

In afternoon trade in Europe the dollar traded at $1.4718 to the euro, and by early afternoon in New York the greenback was at $1.4671 to the shared currency.

Meanwhile, it cost ¥107.68 to buy a dollar in morning trade in New York, but by 1 p.m. in New York the US currency had given back some of the gains and it cost ¥106.8450 to buy a dollar.

The greenback lost ground to the pound as it took $1.9773 to buy a pound in early afternoon trade in New York, but that was a bit better than its position in morning trade, when it took $1.9837 to purchase a pound.

The yen gained on the euro during the day Friday as it traded at ¥156.7523 to the euro after trading at ¥158.12 to the euro on Thursday.

Despite the gains, however, the yen ended the week weaker versus the shared currency.

The Japanese currency also lost ground to the Norwegian krone and the Australian dollar, to ¥19.502 and ¥93.952 respectively.