LONDON, Feb 6: The dollar fell against the euro in late Friday trade after another horrific set of US employment figures allowed some quick profit-taking on the US unit.
In late Friday trade, the European single currency was at $1.2860, up from $1.2786 in New York late on Thursday.
The dollar rose to 91.70 yen from 91.13 yen.
Dealers said that after another eventful week, the currency markets were still caught in a dilemma of sticking with the dollar for its safe-haven attributes or taking on a little more risk and branching out.
Weak US data has been supportive of the dollar in past months because it encourages such safe-haven buying “and we continue to favour ‘a buy into the dips’ mentality for the dollar,” said Audrey Childe-Freeman of Brown Brothers Harriman.
On the London Bullion Market, the price of gold fell to $913 an ounce from $920 late on Thursday.—AFP
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