Forex-Dollar edges down vs euro as US stocks rise

NEW YORK, March 13 (Reuters) - The dollar gave up its gains against the euro on Friday in volatile trade as U.S. stocks closed the week in positive territory, prompting investors to take on more risk.
The U.S. currency had swung between gains and losses for most of the day, following trends in the stock market amid better-than-expected economic data and signs the banking sector may be stabilizing.
"Sentiment has turned in fits and starts," said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey.
"All that is happening right now is a reality check and investors are asking whether this is really the bottom here. But conviction is really low and that is why we're seeing perpetual setbacks like this," he added.
In late afternoon trading, the euro edged up 0.1 percent against the dollar to $1.2919 . For the week, the single currency rose 1.9 percent, its best weekly gain since the week ended Dec. 21.