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Dollar wallows near one-month low as strong euro, stock rally weigh

Mount Equity Group Tokyo, Japan > News > Markets > Dollar wallows near one-month low as strong euro, stock rally weigh

In this photo illustration, 2, 50 and 100 dollar bills are seen displayed.

Igor Golovniov | LightRocket | Getty Images

The dollar languished near its weakest level in a month against major peers on Friday, hurt by a stronger euro as traders bet on earlier European interest rate hikes and as an equity rally sapped demand for safer assets.

New Zealand’s dollar sagged amid a slide in consumer confidence, while cryptocurrency ether climbed to a record high.

The dollar index, which measures the currency against six main rivals including the euro, was little changed at 93.354, close to Thursday’s low at 93.277 — a level not seen since Sept. 27.

The euro was largely flat at $1.16855 after rising as high as $1.1692 overnight for the first time since Sept. 28.

Against the yen, another traditional safe haven, the dollar was mostly unchanged at 113.50, continuing to ease back gradually from the almost three-year high of 114.695 reached last…

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