The U.S. dollar rebounded against most major currencies Friday but fell against the yen, as Asian stock markets saw broad declines.
The euro was buying $1.4233, down from $1.4270 late Thursday, and the British pound bought $1.6459, down from $1.6516.
The greenback's gains against its European rivals came amid a sell-off in Asian equities. Late in the session, Japan's benchmark Nikkei 225 Average was down 1.3%, Hong Kong's Hang Seng Index was 1.6% lower and Australia's S&P/ASX 200 fell 1.9%.
Much of the declines were attributed to concern that China may tighten capital rules for its banks, resulting in fewer loans and dragging on regional markets. Stock-market drops often lead to a flight to "safe haven" currencies, such as the dollar and yen.
The dollar bought 93.73 yen, down from 94.18 in late North American trading Thursday.
The dollar index (DXY), which tracks the greenback against a trade-weighted basket of six major currencies, was at 78.50, rising from 78.33 late Thursday.
The U.S. unit had lost ground Thursday as U.S. equity markets marched higher amid better-than-forecast economic data, leading investors into assets and currencies perceived to hold more risk.
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