US dollar trading closes mixed

The US dollar traded mixed against major currencies Friday, with the greenback retreating against the euro on better-than-expected data from Germany but continuing to rise against the Japanese yen. German business climate index provided by the Ifo institute, based on a survey of 7,000 executives, increased to 109.3 in November from 107.4 in October, hitting the highest level since April 2012 and far beyond market expectations. In the previous session, the U.S. dollar also weakened against the euro after the European Central Bank President Mario Draghi damped speculations about negative deposit rates in euro area. The U.S. dollar on Friday hit a more than four-year high against yen on speculations that Bank of Japan's monetary policy would continue to be loose after its governor Haruhiko Kuroda said he did not think the yen was at abnormally low levels. The U.S. dollar soared against the yen and broke through the level of 101 in the previous trading day after minutes from the U. S. Fed's October policy meeting hinted that it may cut back its 85- billion-U.S. dollar monthly asset purchases in coming months. In late New York trading, the euro rose to 1.3551 dollars from 1.3461 dollars of the previous session, and the British pound increased to 1.6207 dollars from 1.6162 dollars. The Australian dollar dropped to 0.9165 dollar from 0.9219 dollar. The U.S. dollar bought 101.31 Japanese yen, higher than 101.09 yen of the previous session. The U.S. dollar moved down to 0.9072 Swiss franc from 0.9195 Swiss franc and went up to 1.0531 Canadian dollars from 1.0525 Canadian dollars.