Dollar rises, ends trading week without much changes
The dollar rose on Friday morning in Asia but was expected to end the trading week close to where it started. Investors took stock following a volatile week in which currencies moved due to fluctuating risk appetite levels.
The U.S. Dollar Index that measures the greenback against other major counterparts tallied a 0.05% increase to 92.880.
The USD/JPY pair was up 0.10% to 110.25.
The AUD/USD pair shed 0.01% to 0.7377, while the NZD/USD pair climbed 0.21% to 0.6978.
The USD/CNY pair jumped 0.04% to 6.4722, while the GBP/USD pair was down 0.01% to 0.3761.
The dollar was expected to reach a weekly gain of 0.1% but barely moved overnight. However, it slid from a three-and-a-half-month high of 93.194 hit on Wednesday when investors regained lost confidence over rising COVID-19 cases.
Investors also mulled the European Central Bank (ECB)’s decision on Thursday in maintaining its dovish monetary policy and resulted in a 0.2% crash in euro at $1.1779.