The dollar extended its decline against the yen Friday, logging its worst three-week stretch against the Japanese currency since June 2013.Nervous investors seeking shelter in the world’s third-largest economy have pushed the dollar down 7.1% vs. the yen since the beginning of the month, as concerns about global growth and market volatility linger.
The euro also strengthened against the dollar Friday but failed to unwind a sharp drop from earlier in the week. It finished the week down 1.1% against the greenback, snapping a two-week winning streak.
The euro EURUSD, +0.1980% traded at $1.1135 late Friday in New York, compared with $1.1114 late Thursday; the dollar traded USDJPY, -0.56% at ¥112.57 Friday, compared with ¥113.09 late Thursday in New York.
The ICE U.S. Dollar index DXY, -0.26% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.3% at 96.6340.
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