Greenback is set for weekly losses

Greenback is set for weekly losses

On Friday, the US dollar nursed losses, staying on track for a losing week because geopolitical tensions backed the perceived safe-haven Japanese currency.

The dollar index, tracking the major US currency against a basket of six counterparts, steadied at 100.560 on the day, while declining 0.6% for the week.

On Thursday, Donald Trump told that North Korea happens to be a serious problem, which needs to be tackled, as China urged caution and rumors rose that Pyongyang might be preparing for a sixth nuclear test.

The major American currency grew 0.6% against the South Korean won, which kept to 1,136.5.

The US dollar soared 0.1% on the day, hitting 109.17 yen, but dropped 1.7% for the week.

Meanwhile, on Thursday, the US Treasury yield dipped to its lowest levels since November, following Trump’s remark that he appreciates low interest rates.

Against the Japanese yen, the common currency declined as low as 115.72, showing its lowest value since November. 

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