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The dollar traded near a three-month low against a basket of currencies on Friday according to Reuters, finishing the week more than 0.8 percent lower at 98.82. The news agency reported that the euro rose close to a three-month high at $1.1685 on track for a 1 percent weekly advance against the greenback. Reuters added that the currency moves reflected investor disappointment with the U.S. Treasury’s plan to expand bond buybacks, which many viewed as only a short-term response to ballooning federal debt. A related CNBC report from earlier in the week noted that the Treasury would double liquidity support operations for longer-dated bonds in an attempt to ease market strains.
Bitcoin rose 1.6 percent to $73,823.43 on Friday scaling a two-month high Reuters reported, placing the cryptocurrency on course for a 17 percent weekly increase. The news agency stated that such a gain would mark bitcoin’s largest weekly rise in two and a half years. The surge occurred as broader market sentiment favored riskier assets amid the dollar’s weakness. Reuters indicated that the cryptocurrency’s performance contrasted with recent periods of consolidation earlier in 2026.
Concerns over the sustainability of U.S. fiscal policy weighed on the dollar throughout the week a Reuters assessment found. The agency reported that officials’ increasingly interventionist approach to bond markets had raised fresh questions among investors rather than restoring confidence. The greenback’s decline extended a pattern seen after the Treasury’s announcement, with the currency already drifting lower in prior sessions according to market trackers cited by the wire service.
The euro’s corresponding strength underscored shifting sentiment in major currency pairs Reuters reported. The single currency benefited directly from dollar weakness while other peers posted more modest gains against the U.S. unit. Data compiled by the news agency placed the dollar index near its weakest level since May, reflecting accumulated pressure from debt worries and expectations around future Federal Reserve decisions.
Bitcoin’s advance added to gains accumulated since the start of the week Reuters figures show. The cryptocurrency had climbed steadily as traders rotated toward digital assets perceived as hedges against currency volatility. The performance capped what the agency described as one of the strongest weekly runs for bitcoin since the early part of the decade, although the report offered no forecast on whether the momentum would continue into the following week.
