FX round-up: Dollar softens after US housing data
The dollar fell against most major counterparts as upbeat economic data from the US and Europe spurred demand for riskier currencies.The dollar index, which measures the US currency against six others fell to 78.040 from 78.330 late Thursday.
Comments from Federal Reserve chairman that a return to global growth looks good and that the central banks' actions helped avoid a bigger financial crisis gave investors a taste for riskier investments.
The yen suffered on Friday, falling against the greenback, as investors turned their backs on its safe haven qualities.
The dollar rose to 94.32 yen from 94.18 yen late Thursday. The euro was up at $1.4345 in late US afternoon trading on Friday from $1.4270 on Thursday.
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