The U.S. dollar gained versus the EUR but extended losses against the Japanese yen on Friday after the U.S. consumer sentiment index unexpectedly declined in early August. The data pushed U.S. stocks lower, aiding the Dollar which has tended for months to move in the opposite direction as equities as investors’ willingness to buy riskier assets fluctuates. Traders said that the risk aversion is back with the U.S dollar strengthening against the EUR and British pound but weakening against the Japanese yen.
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