The dollar finished Friday with a weekly loss against almost every other currency as rising crude-oil prices and lingering doubts about a 2015 Federal Reserve interest-rate hike boosted its rivals.Emerging-market currencies’ recorded the most pronounced gains, with the Indonesian rupiah gaining USDIDR, -1.03% 9.2% to trade at 13,566, the best-performing currency against the dollar this week.
The euro EURUSD, +0.7182% posted its largest weekly gain in a month, rising 1.3% over the course of the week to trade at $1.1356 late Friday in New York. The shared currency traded at $1.1291 late Thursday.
The dollar’s trading vs. the yen was a notable bright spot for the U.S. currency, as it finished the week with a 0.2% gain. The dollar USDJPY, +0.26% traded at ¥120.23 late Friday in New York, compared with ¥119.94 late Thursday.
The 9% rise in crude oil prices this week also benefited the Canadian dollar. The U.S. dollar USDCAD, -0.5455% weakened 1.6% to 1.29 loonie this week. The loonie continued to strengthen Friday despite official data showing the Canadian unemployment rate increased slightly in September.
The front-month crude-oil futures CLX5, +0.12% contract traded on Nymex was up 1.2% to $50.01 Friday.
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