Investing.com - The dollar traded lower against most major
currencies on Friday as tensions between Russia and the Ukraine
continued to build, prompting investors to avoid the greenback and
seek safety in gold, yen and other safe-haven positions.
In U.S. trading on Friday, EUR/USD was up 0.03% at 1.3837.
Tensions in Ukraine continued to escalate on Friday after
Ukrainian troops killed several pro-Russian rebels on Thursday.
Russian troops, meanwhile, conducted military drills close to
the border between the two countries, which frayed nerves even
In response, U.S. Secretary of State John Kerry said Washington
was moving closer to slapping fresh sanctions on Moscow, which
steered investors away from the dollar and into safe-haven
positions, the yen and gold especially.
Data out of the U.S., however, offset geopolitical tensions.
The Thomson Reuters/University of Michigan's final April
consumer sentiment index came in at 84.1, beating market
expectations for a 83.0 reading. April's preliminary reading was
The dollar was down against the yen, with USD/JPY down 0.19% at
102.14 and down against the Swiss franc, with USD/CHF down 0.07% at
The greenback was flat against the pound, with GBP/USD unchanged
The dollar was mixed against its cousins in Canada, Australia
and New Zealand, with USD/CAD up 0.18% at 1.1043, AUD/USD up 0.03%
at 0.9266 and NZD/USD up 0.13% at 0.8576.
The US Dollar Index, which tracks the performance of the
greenback versus a basket of six other major currencies, was down
0.04% at 79.82.
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