The dollar fell against most major currencies on Friday as the European Central Bank (ECB) was expected to raise its key interest rate next week.
The bank could decide to "move rates by a small amount" at its next meeting, ECB President Jean-Claude Trichet said on Wednesday. Investors now expect ECB could lift rates by 0.25 percent at a meeting next Thursday.
It would widen the interest rate gap between U.S. and the euro zone as the U.S. Federal Reserve decided to leave its key rate unchanged.
A series of U.S. economic indicators including closely watched non-farm employment data would be released next week. The dollar would find little help from the reports, as the indicators are more likely to turn out to be weak, analysts said.
The euro bought 1.5775 dollars in late New York trading compared with 1.5760 dollars it bought late Thursday. The British pound rose to 1.9930 dollars from 1.9877 dollars.
The dollar fell to 1.0194 Swiss francs from 1.0232 Swiss francs, and fell to 106.26 Japanese yen from 106.66 Japanese yen. It fell to 1.0108 Canadian dollars from 1.0118 Canadian dollars.
Source: Xinhua
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