The euro lost more than 3% of its value against the buck for the second straight week Friday, as the dollar’s eight-month rally resumed.
The euro EURUSD, -1.32% traded as low as $1.0465, its weakest level since January 2003, while the pound GBPUSD, -0.94% traded as low as $1.4700, its lowest level since June 2010, before both currencies staged a slight recovery. The euro traded at $1.0634 late Thursday, while the pound traded at $1.4849.
The ICE U.S. Dollar Index DXY, +0.91% a measure of the dollar’s strength against a basket of six currencies, was up 0.76% to 100.1900 in recent trade.
Nymex gasoline for April delivery RBJ5, -2.96% fell 4.7 cents, or 2.6%, to $1.762 a gallon, poised for a loss of more than 6% for the week. April heating oil HOJ5, -3.75% fell 6.6 cents, or 3.7%, to $1.713 a gallon, down over 8% for the week.
April natural gas NGJ15, -0.48% fell less than a cent to $2.727 per million British thermal units. It saw a weekly decline of nearly 4%..
Oil futures fell sharply on Friday, to tally a weekly decline of nearly 10%, as a monthly report from the International Energy Agency raised concerns that the glut of crude supplies and tightening storage capacity in the U.S. may cause prices to weaken further.
Crude-oil for delivery in April CLJ5, -4.36% fell $2.21, or 4.7%, to settle at $44.84 a barrel on the New York Mercantile Exchange. Prices ended the week with a loss of 9.6%.
April Brent crude LCOJ5, -4.38% on London’s ICE Futures exchange shed $2.41, or 4.2%, to settle at $54.67 a barrel, with the front-month contract down 8.5% for the week.
