SB: Dollar up after weak manufacturing data overseas
NEW YORK -- After a week of declines, the dollar is moving higher following a manufacturing report from China highlighted worries about slowing global growth.
The dollar sometimes gets a boost when investors worried about weakening economic growth seek safety. The dollar has historically been considered a safe-haven currency.
In morning trading Friday in New York, the euro fell to $1.4466 from $1.4521 late Thursday.
The euro had jumped nearly 4 cents this week after the Greek parliament voted for key spending reforms, paving the way to receive aid from the International Monetary Fund and the European Union that will keep it from defaulting this month.
The British pound dropped to $1.6020 from $1.6069. The dollar rose to 80.19 Japanese yen from 80.58 yen.
