The United States of America dollar on Friday, June 9, strengthened against major rivals, notably against the British pound, which fell to a seven-week low after the Conservative Party lost its parliamentary majority in the U.K. general election.
The U.S. dollar index DXY, +0.07% DXY, +0.07% DXY, +0.07% which compares the dollar with a half-dozen major rivals, rose 0.4% to 97.31 from 97.02 late Thursday.
The buck ended the week 0.7% higher. The WSJ Dollar Index BUXX, +0.34% which measures the dollar against 16 currencies, rose to 88.66 from 88.31. Against the yen, the greenback USDJPY, +0.29% bought ¥110.30, up 0.5% from ¥110.22 late Thursday in New York.
The pound GBPUSD, -1.6671% bought $1.2718, well off from late Thursday’s level of $1.2957 before the first indication of the election result was released.
Sterling fell to as low as $1.2636 earlier Friday, FactSet data showed, touching levels not seen since April 18, when U.K.
The pound GBPJPY, -1.40% fell against other crosses as well, sliding to ¥140.31 against the Japanese yen, from ¥142.54 in late trading Thursday. Against the euro GBPEUR, -1.4800% the pound hit at November lows, but pared losses to €1.1363. That is still down from €1.1553 late Thursday, Reuters reports.
The euro EURUSD, -0.1694% drifted lower, buying $1.1192 from $1.1216 late Thursday. The euro had a volatile session Thursday after ECB President Mario Draghi said the central bank was ready to boost its asset-buying program if needed, though he said risks to the economic outlook were “broadly balanced.”
Elsewhere, the Canadian dollar USDCAD, -0.2887% jumped after government data showed the job growth in May was the fastest in eight months, coming well above expectations. Late Friday in New York, the dollar bought C$1.3453, down 0.4% from C$1.3506.
