The U.S. dollar gave back some of the week’s gains on Friday, after President Obama made a controversial proposal to restrict the size of the nation’s largest banks and limit their activities. If enacted, traders see the plan reducing U.S. economic activity.
Despite the retreat on Friday, the greenback is up about 2 percent against the euro for the week and higher against most major currencies.
In today’s forex trading, the U.S. dollar index, which tracks the dollar’s performance against a trade-weighted basket of six major currencies, dropped 0.2 percent to 78.20.
The euro-dollar pairing jumped to $1.4139 earlier today, up 0.2 percent.
The dollar also slipped against the Japanese yen this afternoon to 89.86, dropping 0.6 percent.
The British pound fell against the greenback to 1.6125, or down 0.4 percent at mid-afternoon on Friday.
The dollar is higher by 0.5 percent against the Canadian dollar at 1.0579.
The Australian dollar is up 0.3 percent against the U.S. dollar to trade at 90.28 U.S. cents.
For MarketNewsVideo.com, I'm Sayoko Murase.
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