U.S. dollar declines against euro on reduced Deutsche Bank worries

The U.S. dollar ended lower against the euro on Friday amid eased concerns about the health of Deutsche Bank.

The shared currency plunged against the greenback to nine-day lows in Friday's morning session, as reports showed that a group of hedge funds were limiting their exposure to Deutsche Bank after the bank was demanded by U.S. Department of Justice a 14-billion fine.

The euro pared losses in the afternoon session on speculation that the fine would be reduced.

On the economic front, U.S. personal income increased 39.3 billion U.S. dollars, or 0.2 percent, in August, according to the Commerce Department Friday.

Disposable personal income (DPI) rose 31.9 billion dollars, or 0.2 percent, and personal consumption expenditures (PCE) increased 6.2 billion dollars, or less than 0.1 percent.

Meanwhile, the final reading of the consumer sentiment for September was 91.2, better than market estimates, said the Thomson Reuters/University of Michigan index of consumer sentiment on Friday.

The dollar index, which measures the greenback against six major currencies, was down 0.03 percent at 95.494 in late trading.

In late New York trading, the euro rose to 1.1230 dollars from 1.1212 dollars, and the British pound climbed to 1.2972 dollars from 1.2968 dollars. The Australian dollar increased to 0.7663 dollars from 0.7647 dollars.

The dollar bought 101.40 Japanese yen, higher than 101.16 yen in the previous session. The dollar inched up to 0.9714 Swiss francs from 0.9663 Swiss francs, and it fell to 1.3124 Canadian dollars from 1.3137 Canadian dollars. Endit