(Reuters) The dollar rose to an 18-month high against a basket of currencies on Friday, as worrisome political and economic news outside the United States drove a strong bid for the safety of the greenback.
European Central Bank President Mario Draghi told European Union leaders growth was weaker than previously forecast and urged them to go forward with reforms of the eurozone, one official told Reuters.
“I interpret this as caution that we already know is perpetual in the ECB’s thinking,” said Juan Perez, senior currency trader at Monex, Inc in Washington.
