The dollar weakened Monday as traders bought back pounds and euros at lower levels following sharp falls in the value of those currencies on Friday.The euro EURUSD, -0.42% rose off a 12-year low to trade at $1.0853, compared with $1.0844 Friday. The pound GBPUSD, -0.30% traded at $1.5126, compared with $1.5037.
The dollar USDJPY, +0.49% inched higher against the yen, trading at ¥121.14, compared with ¥120.81 Friday.
The ICE U.S. Dollar Index DXY, +0.36% a measure of the buck’s strength against a basket of six rival currencies, was flat at 97.63.
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