The dollar rose Friday to a 5-month high against the euro and a 17-month high against the pound amid concern that the credit crisis is spreading worldwide.

Slowing growth outside the United States depresses other currencies in favor of the dollar, the Financial Times reports.

The dollar rose 1.2% to $1.5135 against the euro and edged up 1% to $1.9239 against the pound.

With the exception of the yen, all major currencies fell against the dollar.

The Australian dollar fell 1.5% to $0.8910 and the New Zealand dollar dropped 1.9% to $0.7008.

The dollar rose 0.3% to Y109.72 against the yen.