HONG KONG: The euro recovered from early losses on Friday after Pakistan dismissed rumours of a coup while Asian stocks fell as investors fretted about the outlook for corporate earnings.
The dollar eased about 0.2 per cent against a basket of major currencies, pulling back from an overnight rally as investors unwound long dollar positions ahead of the year’s close.
Greece’s fiscal woes continued to weigh on the euro but the currency found support after Pakistan dashed rumours of a coup, which in early trade had sent it skidding further to a nine-month low against the safe-haven Swiss franc.
