The euro was lower on Friday while the dollar rose amid geopolitical concerns.
The euro remained under pressure despite easing political tensions in Italy. Populist parties Five-Star and League formed a government on Thursday and received the approval from the president. Meanwhile in Spain, Prime Minister Mariano Rajoy faces a vote of no-confidence, which is expected to pass on Friday.
EUR/USDÂ inched down 0.04% to 1.1686 by 5:24 AM ET (9:24 AM GMT), hovering near a six-month low.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.09% to 94.03.
