Dollar slips against yen

Dhaka,  Wed,  24 May 2017
Published : 19 May 2017, 13:28:42
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Dollar slips against yen

Dollar slips against yen
The dollar sagged against the yen on Friday and was on track for weekly losses amid ongoing political turbulence in the United States.

The dollar eased 0.1 per cent to 111.39 yen JPY=, having set a three-week low of 110.24 yen on Thursday. 

The dollar is down about 1.7 per cent against the yen for the week, putting it on track for its biggest weekly fall in a month.

The greenback had gained some reprieve on Thursday, helped by solid US economic data, including a jump in the Philadelphia Fed's gauge of mid-Atlantic manufacturing activity in May.

Against a basket of six major currencies, the dollar held steady at 97.797.

The euro was last trading at $1.1112 EUR=, up 0.1 per cent on the day but down from a six-month high of $1.1174 set on Thursday, according to Reuters.
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