LONDON, May 29 (Reuters) - The dollar extended losses against a basket of currencies on Friday, as investors dumped the dollar for perceived riskier assets on the back of expectations the worst of a global recession may be over.
The dollar index fell 1.0 percent to 79.646 .DXY, its lowest since late December.
The euro extended gains, rising one percent to $1.4089 EUR=, its highest in nearly six months.
“The dollar is broadly weaker, particularly against the euro. This is mainly down to month-end fixings by corporates and pension funds,” a London-based trader said.
The trader added that stops were taken out in euro/dollar at $1.4050 which have helped the euro to extend gains. (Reporting by Jessica Mortimer and Tamawa Desai)