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Global Markets: Dollar at three-year low vs euro; stocks extend record run

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The U.S. dollar slumped to a more than three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce their stimulus, while a key global stock index was on track for an eighth week of gains.U.S. stocks rose with bank shares, which climbed following quarterly results from JPMorgan Chase & Co and Wells Fargo .The euro's rise weighed on the dollar index , which measures the greenback against six rival currencies. The index was down 0.94 percent, after slipping to a ...

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First Published: Sat, January 13 2018. 02:20 IST