By Barbara Kollmeye
MADRID (MarketWatch) -- The U.S. dollar continued to move higher on Friday, gaining on disappointment over U.S. data a day prior and as investors watched for news from the European Union summit. The dollar indexDXY +0.03% , which tracks the dollar against six major currencies, rose to 79.385 from 79.356 in North American trade late Thursday. The euro EURUSD +0.03% slipped further to $1.3054, from $1.3072 late Thursday. Early Friday, the EU said it has set a deadline of Jan. 1 for agreeing a legislative framework for a single supervisory mechanism. Analysts noted that the dollar was supported by media reports pointing to a public clash between German Chancellor Angela Merkel and French President Francois Hollande over greater EU control of national budgets ahead of the summit a day prior.
MADRID (MarketWatch) -- The U.S. dollar continued to move higher on Friday, gaining on disappointment over U.S. data a day prior and as investors watched for news from the European Union summit. The dollar indexDXY +0.03% , which tracks the dollar against six major currencies, rose to 79.385 from 79.356 in North American trade late Thursday. The euro EURUSD +0.03% slipped further to $1.3054, from $1.3072 late Thursday. Early Friday, the EU said it has set a deadline of Jan. 1 for agreeing a legislative framework for a single supervisory mechanism. Analysts noted that the dollar was supported by media reports pointing to a public clash between German Chancellor Angela Merkel and French President Francois Hollande over greater EU control of national budgets ahead of the summit a day prior.
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