Investing.com - The dollar edged up against most major
currencies on Friday after taking a bruising on fears that unrest
in Ukraine and Gaza will slow U.S. recovery, though gains were
In U.S. trading on Friday, EUR/USD was unchanged at 1.3526.
Investors finished the week digesting the fallout from a downed
Malaysian Airlines flight over Ukraine, with the U.S. blaming
Ukrainian pro-Russian separatists for shooting down the aircraft,
killing 298 aboard.
Concerns that fresh rounds off sanctions could be slapped on
Russia in wake of the incident softened the dollar earlier by
fueling fears the fallout will weigh on global recovery, thus
prompting the Federal Reserve to keep policy loose for longer than
U.S. President Barack Obama said Friday, however, that sanctions
were aimed at having minimal impacts on the global economy, which
gave the dollar some support, though gains were minimal due to
uncertainty in the Middle East, where Israel's ground offensive in
"Following ten days of Hamas attacks by land, air and sea, and
after repeated rejections of offers to deescalate the situation,
the Israel Defense Forces (IDF) has initiated a ground operation
within the Gaza Strip," the IDF said on its website on
Disappointing U.S. sentiment data allowed for cautious
The Thomson Reuters/University of Michigan preliminary consumer
sentiment index fell to a four-month low of 81.3 in July from 82.5
in June, confounding expectations for rise to 83.0.
The dollar was down against the yen, with USD/JPY up 0.18% at
101.35, and up against the Swiss franc, with USD/CHF up 0.10% at
The greenback was up against the pound, with GBP/USD down 0.08%
The dollar was up against its cousins in Canada, Australia and
New Zealand, with USD/CAD down 0.21% at 1.0737, AUD/USD up 0.45% at
0.9394 and NZD/USD up 0.23% at 0.8688.
The US Dollar Index, which tracks the performance of the
greenback versus a basket of six other major currencies, was up
0.03% at 80.60.
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