NEW YORK, July 9: The dollar was mixed on Friday as sterling remained under pressure after weaker-than-expected US jobs growth data and speculation about an emergency rate by the Bank of England cut after the London bombings.
The euro managed to rise to $1.1970 on Friday from 1.1953 late on Thursday.
The dollar climbed meanwhile to 112.23 yen from 111.99.
In late New York trade, the stood at 1.2991 Swiss francs from 1.2979 Thursday. Sterling hit a low point of 1.7363 dollars, then rebounded to 1.7379 compared with 1.7431 on Thursday.
A spokeswoman for the Bank of England immediately denied the speculation about an emergency move to cut rates.
“There are no such plans at all at this point, it’s absolutely rubbish,” she told AFP. “We are aware of that rumour but unfortunately rumours are the bane of our lives and they happen.”
Sterling had fallen along with the dollar on Thursday as traders responded to deadly blasts in London by moving toward “safe haven” currencies such as the Swiss franc.—AFP
