ECB deposit rate cut talk hits euro
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The dollar rose against a basket of currencies on Friday, trading near a 10-month high as debate over whether the Federal Reserve would wind down its asset buying programme later this year gathered pace.
The dollar's strength, along with expectations that the European Central Bank could introduce negative deposit rates, the rate at which banks park surplus funds with it, kept the euro pinned down to recent six-week lows.
The dollar index, which measures its value against a basket of six major currencies, rose 0.42 percent to 83.935, nearing a 10-month high of 84.094 set on Wednesday. A break of its July peak of 84.10 would see it rise to its highest in nearly three years.
The dollar was up 0.15 percent at 102.35 yen, not far from Wednesday's 4-1/2-year high of 102.77 yen with investors taking Japanese Prime Minister Shinzo Abe's latest growth strategy into their stride
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