Currencies: Dollar rallies versus commodity currencies as oil drops

The U.S. Dollar inched higher versus its main rivals early Friday in New York as U.S. traders returned from the Thanksgiving holiday, and Europeans worried about Brexit developments ahead the weekend.

The ICE U.S. Dollar Index DXY, +0.37% was up 0.2% at 96.857, headed for a 0.4% gain this week so far.

The greenback’s major rivals, the euro and the British pound meanwhile weakened from Thursday, ahead of a European Union Brexit summit this weekend. While many markets including stocks were closed on Thursday, currencies still traded.

The issue of what is to happen to Gibraltar — a British-held peninsula in the south of Spain — following Brexit is the latest hurdle to complete the U.K.

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