The euro rose after falling on Thursday, but remained below its trading level before the European Central Bank meeting. The European Central announced that it would end its quantitative easing program on July 1 and then raise interest rates by 25 basis points on July 21, and waved a larger rate hike in September.
The dollar index, which measures the performance of the greenback against a basket of major currencies, fell 0.1% to 103.17, but remained higher during the week after growth concerns encouraged investors to seek safe haven in the dollar.
The euro rose 0.2% to $1.0631, after touching $1.0611 early in the session, its lowest since May 23. The euro was down 0.92% against the dollar yesterday after a volatile session on the ECB’s statement.
The dollar lost some of its recent gains against the Japanese yen and fell 0.3% to 133.94 yen, but remained within a range of its highest level in 20 years on Thursday at 134.55 yen.
The Norwegian krone posted gains and was last up 0.2% to 10.176 against the euro.
The risk-sensitive Australian dollar also rose 0.3% to $0.7119, but remained down 1.2% this week, weighed down by the decline in stock markets. The British pound fell slightly to $1.2481.