The dollar snapped a two-week losing streak against the euro Friday as investor optimism about the course of Federal Reserve interest-rate hikes in 2016 helped support the U.S. currency.The euro EURUSD, +0.3787% traded at $1.0869 late Friday in New York, down 1.1% on the week. The dollar USDJPY, -1.15% traded at ¥121.23, down 0.2% on the week; the pound GBPUSD, -0.0470% traded at $1.4905, down 1.7% on the week.
The ICE U.S. Dollar index DXY, -0.34% a measure of the dollar’s strength against a basket of six rival currencies, rose 1.1% on the week to 98.6900.
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