NEW YORK (AP) — The dollar rose against most major currencies Friday and hit a two-month high against the euro.
Traders are worried about the U.S. "fiscal cliff," a series of tax increases and government spending cuts set to kick in at the beginning of next year.
Renewed fears about Europe's debt crisis are also pushing the dollar higher. European Central Bank President Mario Draghi warned this week that Europe's economy remains weak.
The euro fell to $1.2713 late Friday from $1.2750 late Thursday. The euro fell as low as $1.2688 earlier, its lowest point against the dollar since Sept.7.
The British pound fell to $1.5903 from $1.5981.
The dollar rose to 79.45 Japanese yen from 79.38 Japanese yen, to 0.9487 Swiss franc from 0.9457 Swiss franc and to 1.0004 Canadian dollar from 99.98 Canadian cents.
In Other News: The Theological Experts at Salon Magazine Claim Jesus was a Communist | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 1st, 2014 | John Ransom
In Other News: WH Daily Intel Briefings Are Optional? Obama Attends Fewer than Half | Michael Schaus
In Other News: Ukrainians Demolish Statue of Lenin – Putin Offers Statue of Himself as Replacement | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 29th, 2014 | John Ransom
In Other News: Hey White People! All GOP Policies Apparently Designed to Kill Black People | Michael Schaus