Dollar trades below eight-week high

Dhaka,  Fri,  22 September 2017
Published : 12 May 2017, 12:12:38
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Dollar trades below eight-week high vs yen

Dollar trades below eight-week high
The dollar traded below an eight-week high against the yen on Friday, with the near-term focus on whether coming US economic data would provide the catalyst for further gains in the greenback.

The dollar eased 0.1 per cent to 113.70 yen JPY=, having retreated from its eight-week high of 114.38 yen on May 10.

However, the greenback has still risen 0.8 per cent this week and has gained more than 4.0 per cent in the three weeks since the first round of the France's presidential elections.

The euro edged up 0.1 per cent to $1.0870 EUR=. Earlier this week, the euro reached a six-month high of $1.1024 on relief over centrist Emmanuel Macron's victory in France's presidential election.

The New Zealand dollar eased 0.2 per cent to $0.6838 NZD=D3, staying on the defensive after tumbling 1.3 per cent on Thursday, according to Reuters.
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