The dollar was mixed on Friday in quiet trading over the US Thanksgiving holiday weekend.
The euro slid to US$1.2708 in late trading on Friday in New York from US$1.2899 on Wednesday in New York. On Thursday in Europe, when US markets were closed for the Thanksgiving holiday, the euro fetched US$1.2900 in the afternoon.
The British pound rose to US$1.5412 on Friday from US$1.5350 on Wednesday in New York, but was down slightly from its price of US$1.5489 on Thursday in Europe.
Meanwhile, the dollar slipped to ¥95.65 on Friday afternoon from ¥95.73 late on Wednesday. On Thursday, the dollar was worth ¥95.31 in Europe. The yen was quoted at ¥121.22 per euro in Tokyo on Friday from ¥122.89 a day earlier, for a 0.4 percent decline this week.
Currency markets were quiet on Thursday, with US stock markets closed and a shortage of new economic data, and “there’s little in the way of fundamentals that suggest today will be much different,” said James Hughes, a currency analyst at CMC Markets.
In other New York trading, the US dollar rose to 1.2133 Swiss francs on Friday from SF1.2035 late in New York on Wednesday, and gained to C$1.2386 in late trading from C$1.2271 on Wednesday.
South Korea’s won rallied this week, leading gains in Asian currencies, as the nation’s record current-account surplus eased a shortage of dollars.
The won rose 1.8 percent this week to 1,469 per dollar in Seoul, according to Seoul Money Brokerage Services Ltd.
The Philippine peso posted its biggest weekly advance in four months, climbing 1.8 percent on the week to 48.96 a dollar.
Seven of the region’s 10 most-traded currencies excluding the yen strengthened over the past five days as shares rose the most in a month after China’s largest interest-rate cut in 11 years. Indonesia’s rupiah and the Thai baht fell for a third week.
The baht fell 0.7 percent on the week to 35.46 per dollar, the second worst-performing currency after the Indonesian rupiah, which slumped 1.6 percent this week to 12,300.
The Malaysian ringgit was little changed for the week at 3.6250.
The New Taiwan dollar reached as high as NT$33.216 on Friday, up 0.3 percent from the end of last week.
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