The dollar ended five days of losses against a basket of its major counterparts as investor risk appetite shrank and global stocks dropped.
The Bloomberg Dollar Spot Index rose from almost a five-month low as U.S. equities declined. The Swiss franc gained versus most major peers, while Brazil’s real pared a fourth weekly advance. Futures traders turned bullish on the Australian dollar for the first time in 11 months.
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major peers, rose as much as 0.3 percent to 1,007.65 before trading at 1,006.46 at 5 p.m. in New York, up 0.1 percent. It sank yesterday to 1,004.01, the lowest since Oct. 30. The gauge fell 1 percent this week.
The dollar was little changed at $1.3885 per euro, dropping 1.3 percent this week, the most since the five days ended Sept. 20. The U.S. currency gained 0.1 percent to 101.62 yen, paring a weekly decline to 1.6 percent. The yen depreciated 0.1 percent to 141.13 per euro.
The Standard & Poor’s 500 index of U.S. stocks fell 1 percent, and the MSCI World Index dropped 1.1 percent. Equities declined amid concern that company earnings are failing to justify rising share prices.
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