Currencies: Dollar perks up, but registers weekly loss

The U.S. dollar edged higher against its major rivals on Friday but remained on track for a weekly decline.

What are currencies doing?

Paring earlier losses, the ICE U.S. Dollar Index DXY, +0.52% a measure of the unit’s strength against six currencies, rose 0.6% to 89.104 on Friday. However, the popular dollar gauge is on track to drop 1.4% on the week, its worst and first negative performance since late January, according to FactSet data.

The WSJ U.S. Dollar Index BUXX, +0.42% which tracks the buck against 16 main currencies, was up 0.5% at 83.07. On the week, the index has fallen 1.3%.

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