Dollar weakens against most major currencies

The U.S. dollar was weaker against the euro, pound and yen on Friday during thin year-end trading.

 The euro rose to $1.3406 midday in New York, from $1.3286 late Thursday. The British pound rose to $1.5612 from $1.5415 while the dollar fell to 81.09 Japanese yen from 81.52 yen.

The U.S. dollar is still expected to outperform most of the world's major currencies next year as the economy gains strength.

 The currency analysts at Wells Fargo Bank predict the dollar will rise 7 percent against the yen, more than 4 percent against the euro and 1 percent against the pound over the next 12 months.