Dollar falls as European concerns ease

The U.S. dollar fell against most major currencies in late New York trading on Friday as investors' concerns about the European debt crisis eased. The investors continued to focus on news from Europe. It is reported that the European Central Bank might lend money to the International Monetary Fund to finance bailouts to eurozone countries which were in debt troubles. The new plan eased investors' concerns about the eurozone debt crisis. The euro recovered against the dollar, rising 0.41 percent on Friday. Earlier in the day, data from the Conference Board showed the index of leading economic indicators grew 0.9 percent in October, suggesting that the risk of a U.S. recession has receded. In late Friday trading, the dollar bought 76.97 Japanese yen, comparing with 76.95 from late Thursday. The euro rose to 1.3518 dollars from 1.3466. The British pound also rose to 1.5787 dollars from 1.5758. The dollar fell from 0.9198 Swiss francs to 0.9177, and also fell to 1. 0266 Canadian dollars from 1.0280.