U.S. dollar falls against most major currencies

The U.S. dollar dropped against most major currencies on Friday due to lack of liquidity.

Analysts said the downward move was completely generated out of a New Year's Eve lack of liquidity, and that the dollar is set for yearly gain despite brief euro surge.

The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.31 percent at 102.360 in late trading.

However, the index has gained more than four percent since U.S. presidential election as market expects president-elect Donald Trump's plan to boost fiscal stimulus would benefit the currency. The interest rate hike announced by the Federal Reserve this month also contributed to momentum.

In late New York trading, the euro rose to 1.0527 dollars from 1.0491 dollars, and the British pound climbed to 1.2313 dollars from 1.2244 dollars. The Australian dollar increased to 0.7216 dollars from 0.7204 dollars.

The dollar bought 116.83 Japanese yen, higher than 116.58 yen in the previous session. The dollar fell to 1.0192 Swiss francs from 1.0228 Swiss francs, and it edged down to 1.3436 Canadian dollars from 1.3509 Canadian dollars. Enditem