The dollar ended the week nearly 0.7% lower against the euro on Friday, after the Federal Reserve’s rate-setting committee revealed that the central bank might not raise interest rates at its September meeting.European Union leaders are scheduled to attend an emergency meeting on Monday.
The euro EURUSD, -0.0880% traded at $1.1345, down from $1.1370 in New York late Thursday; the dollar USDJPY, -0.21% traded at 122.70 yen, down from ¥123.04; the pound GBPUSD, +0.0126% traded at $1.5872, up from $1.5877.
The ICE U.S. Dollar Index DXY, +0.06% a measure of the dollar’s strength against a basket of six rival currencies, fell 0.9% this week to 94.1260.
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