Euro Lifts and Dollar Hits Best Performance in Six Months
Agencies – Abu Dhabi; The US dollar rose against a basket of currencies to its strongest weekly performance in six months as investors bought the greenback as a safe haven amid fears of weakness in the global economy.
The euro was around the two-week low of $ 1.13. The European currency recorded the biggest weekly drop in more than four months against the dollar following data showing a slowdown in Europe.
The dollar index, which tracks the performance of the greenback versus the euro, the yen, the pound and three other currencies, rose 0.14 percent to 96,642 in late US trading, ending the week with gains of 1.1 percent, the biggest weekly gain since a jump of 1.28 percent in the week ending On 10 August 2018.