On the last trading day of 2016, the dollar index, which tracks the greenback against a basket of six major rivals, slipped 0.3 percent to 102.40, below its high of the year of 103.65 touched on Dec. 20, which was its highest level since January 2003. But it was still poised to gain 3.8 percent for the year.
The euro was last up 0.4 percent at $1.0527 after briefly spiking to $1.0700, its highest since Dec. 8. It was down 3 percent against the dollar for the year.
Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output.
U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were up 15 cents or 0.3 percent at $53.92at 0408 GMT. Brent front-month March crude oil futures LCOc1 were 14 cents a barrel or 0.3 percent higher at$56.99.
Brent futures have risen about 53 percent this year while WTI futures have climbed around 46 percent. The2016 gains in the oil market were the best since the 2009 rally, when Brent and WTI rose 78 percent and 71percent respectively.
Reference: Reuters
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