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Global Markets: Dollar hits three-year low vs euro; Wall Street hits new highs

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The U.S. dollar fell 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 stimulus, while U.S. stocks continued to rally and marked record closing highs.Optimism about fourth-quarter earnings boosted stocks. Bank shares climbed following quarterly results from JPMorgan Chase & Co and Wells Fargo . A global stock index registered an eighth straight week of gains.The euro's rise weighed on the dollar index , which measures the greenback against ...

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First Published: Sat, January 13 2018. 04:12 IST