NEW YORK, Jan. 11 (Xinhua) -- The U.S. dollar rose slightly against the euro and pound Friday, but fell against the yen and Swiss franc.

    The greenback was bolstered as a plunging Wall Street drove nervous currency investors away from risky carry trades.

    Carry trades involve borrowing currencies from countries with low interest rates, such as Japan and Switzerland, and investing the funds in higher-yielding assets elsewhere.

    The U.S. currency was hit by a government report showing that U.S. trade deficit in November rose to the highest level in 14 months.

    The euro was worth 1.4785 dollars in late New York trading, a little below the 1.4793 dollars it was worth Thursday. The British pound dropped to 1.9573 dollars from 1.9609 dollars.

    The dollar was down to 108.91 Japanese yen from 109.54 yen and 1.1010 Swiss francs from 1.1045 Swiss francs. It rose to 1.0206 Canadian dollars, up from 1.0108 Canadian dollars.