Euro rises slightly vs US dollar

The 16-nation euro rose slightly against the U.S. dollar Friday, but the American currency remained near three-month highs.

The euro bought $1.4357 in morning European trading, up from $1.4349 late in New York on Thursday _ when the shared currency dropped as low as $1.4305. That was the euro's lowest level since Sept. 7.

The British pound slipped to $1.6143 from $1.6156 in New York, while the dollar dropped slightly to purchase 89.75 Japanese yen from 89.96 yen the night before.

The dollar's strength Thursday came as markets brushed off U.S. reports pointing to a gradual recovery and focused instead on the unwinding of the U.S. Federal Reserve's …