NEW YORK – The dollar edged higher against major currencies Friday on downbeat economic news as investors awaited earnings reports due next week.

In late trading in New York, the euro slipped to $1.2647 from $1.2681 a day earlier. The euro peaked at $1.2700 on Thursday, its strongest level since May 12.

Fear of surging public debt and slowing growth in Europe have hurt the euro this year, dragging it down more than 15 percent versus the dollar, but it has been helped recently by hopeful signs on banks' health. Bank regulators will make 'stress tests' of European financial institutions public on July 23 in an effort to reassure financial markets.

NEW YORK – The dollar slipped Friday as traders shrugged off a downward revision in U.S. economic growth in the first quarter.

With relatively sparse negative news out of Europe this week, there has been little demand to hold on to dollars. Analysts say that could change next week if any bad surprises emerge in a raft of key economic reports due out, including the closely-watched monthly report on employment.

NEW YORK – The dollar slipped Thursday against most other major currencies after export data from China showed a continued rebound in global trade while claims slipped for unemployment benefits in the U.S.

The dollar has risen to 4-year highs versus the euro this month, mostly because of fears about the impact of Europe's problems and a possible slowdown in China on the worldwide recovery.

NEW YORK – The dollar surged to a 1-year high against the euro Wednesday as the debt crisis in Europe intensified, but gave back some of its gains after the Federal Reserve offered a more upbeat view of the economy and pledged to keep rates at record lows.

In late New York trading, the euro sank as low as $1.3116, its weakest point since April 2009, before edging back up to $1.3187. On Tuesday, it was worth $1.3184.

NEW YORK – The euro hit an 11-month low Thursday after news of a larger-than-expected budget deficit in Greece and a downgrade from leading credit ratings agency Moody's.

Worries about debt woes overseas have driven the U.S. dollar higher for months. It is up nearly 5 percent so far this year as traders seek safety amid troubles overseas and the slow improvements in the U.S. economy.

NEW YORK – The dollar surged Friday as investors pared their exposure to risk after federal regulators accused Goldman Sachs of fraud in the subprime mortgage market.

'They've been the leading lights of the banking sector, which has been leading the stock market rally,' said Brian Dolan, chief currency strategist at Forex.com. The dollar benefited from the flight from risk as stocks and commodities traded sharply lower.

NEW YORK – The dollar climbed against the euro and the pound Tuesday as Greek officials played down the threat that they will seek help from the International Monetary Fund, while an ongoing stalemate continued in Europe over how to deal with the country's debt crisis.

The 16-nation euro slid to $1.3488 in late New York trading Tuesday from $1.3545 the previous evening. That's just above its 10-month low of $1.3435 from earlier in March.

The euro has fallen from above $1.51 in late November as worries about deficits in Greece and elsewhere roiled markets.

NEW YORK – The dollar eased against the euro and the pound Thursday as Greece announced additional salary cuts and tax hikes to deal with its ballooning deficit, while China reported a jump in inflation.

A steep rise in prices could force China to raise interest rates, which would slow one of the world's fastest-growing economies and thwart a global recovery.

Meanwhile, markets got little direction from mixed U.S. economic news. The government said its trade deficit unexpectedly shrank in January, while the number of newly laid-off workers filing claims for unemployment benefits slipped last week.

NEW YORK – Greece's plans to save $6.5 billion bolstered market confidence in the country's ability to manage its heavy debt and ended the dollar's recent rally Wednesday.

In afternoon trading in New York, the 16-nation euro jumped to $1.3719 from $1.3600 late Tuesday. The euro hasn't traded above $1.37 since mid-February as worries about debt in Greece and other European countries threatened confidence in the euro's stability and the monetary union of the 16 countries that use the currency.

NEW YORK – The dollar extended its rise Friday, a day after the Federal Reserve bumped up the rate that banks must pay for emergency loans. Analysts said the rate hike was a sign of the central bank's confidence in the financial sector.

The euro briefly slid below $1.35 for the first time in nine months before paring its losses in New York.