By Deborah Levine
NEW YORK (MarketWatch) -- The euro turned down against the dollar Friday, giving up some of its recent gains, which analysts attribute to adjustments in positions. Markets nervously await any resolution between Greece and its bondholders about how much in losses to take in making an exchange so the country can avoid defaulting on its debt. The dollar index DXY +0.37% , which measures the greenback against a basket of six currencies, rose to 80.417, compared to 80.198 in late North American trading on Thursday. The euro EURUSD -0.55% slipped to $1.2894, after approaching $1.30 and from $1.2942 Thursday. "Some profit-taking appears to be taking hold ahead of the weekend in many markets, and markets most likely realize that once the Greek [deal with the private sector] is reached, other countries remain in trouble," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.
