Euro down against U.S. currency

Euro down against U.S. currency
Euro down against U.S. currency

The euro fell to US$1.2734 in late European trading, well below the US$1.2829 it bought in New York late Thursday. The British pound also slipped to US$1.8745 from US$1.8908.

The dollar climbed against the Japanese currency, moving up to 111.86 yen from 110.89 yen, the AP reports. 

Little new data was produced to move markets on Friday, and the dollar appeared to be benefiting from investors unwinding from dollar negative positions, after Conference Board, a private research group, reported Thursday that its Index of Leading Economic Indicators fell 0.1 percent to 138.9 in April. Economists were predicting a small rise.

April's decline came amid rising gas prices, lagging consumer confidence and increasing interest rates, and indicated that the U.S. economy might be slowing.