The U.S. dollar edged lower against the yen and euro Friday, reversing gains rung up earlier in the session, as investors began to second guess a report on December jobs growth released earlier in the session.
Its declines cemented the dollar’s worst weekly performance against the yen since August 2013 — and its worst weekly performance against the euro since early December of last year — as Chinese stocks and the yuan dropped sharply, with global ramifications. The dollar was down 2.6% against the yen on the week, while the euro rose 0.6% against the dollar.
The dollar USDJPY, -0.34% traded at ¥117.52 late Friday in New York, compared with ¥117.74 late Thursday in New York.
The euro EURUSD, -0.0640% traded at $1.0917 Friday, compared with $1.0917 Thursday. The pound GBPUSD, -0.6773% traded at $1.4523, compared with $1.4647.
Despite the dollar’s declines against the euro and yen, the ICE U.S. Dollar index DXY, +0.08% which measures its strength against a basket of six currencies, rose 0.2% to 98.4530.
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Its declines cemented the dollar’s worst weekly performance against the yen since August 2013 — and its worst weekly performance against the euro since early December of last year — as Chinese stocks and the yuan dropped sharply, with global ramifications. The dollar was down 2.6% against the yen on the week, while the euro rose 0.6% against the dollar.
The dollar USDJPY, -0.34% traded at ¥117.52 late Friday in New York, compared with ¥117.74 late Thursday in New York.
The euro EURUSD, -0.0640% traded at $1.0917 Friday, compared with $1.0917 Thursday. The pound GBPUSD, -0.6773% traded at $1.4523, compared with $1.4647.
Despite the dollar’s declines against the euro and yen, the ICE U.S. Dollar index DXY, +0.08% which measures its strength against a basket of six currencies, rose 0.2% to 98.4530.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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