The U.S. dollar rose against most major currencies in late New York trading on Friday as the fear over European debt crisis and economic recession raised risk- aversion.
German Economy Minister Philipp Roesler on Friday said German lawmakers were unlikely to back any further increase in the eurozone bailout fund after the German parliament voted to approve increasing the size of the fund on Thursday.
The U.S. Commerce Department said that U.S. personal income fell a seasonally adjusted 0.1 percent in August, marking the first monthly decline since October 2009. While consumer spending increased a seasonally adjusted 0.2 percent last month, down from a revised 0.7-percent gain in July.
The European Union statistics agency Eurostat reported that consumer price inflation in the eurozone unexpectedly rose at a 3- percent annual pace in September from 2.5 percent in August, raising inflation concerns.
The euro was down more than 1 percent against the dollar on Thursday, pressured by the concerns about the European debt crisis. The dollar index rose 0.7 percent to 78.58.
In late Friday trading, the dollar bought 77.08 Japanese yen, comparing with 76.71 from late Thursday, and the euro fell to 1. 3424 dollars from 1.3559.
The British pound rose to 1.5626 dollars from 1.5590. The dollar rose from 0.8994 Swiss francs to 0.9051, and also rose to 1. 0438 Canadian dollars from 1.0395.
