Home / dollar / Dollar fell 0.4 percent against the safe-haven yen to 113.87 yen

Dollar fell 0.4 percent against the safe-haven yen to 113.87 yen

The WSJ Dollar Index BUXX, -0.34% which looks at the dollar against a wider basket of rivals, also was little changed at 90.46.
More broadly, the ICE U.S. Dollar Index DXY, -0.41% which measures the buck against six rival currencies, was unchanged at 99.63.
The dollar strengthened against the British pound but weakened against the Japanese yen on Thursday as economic data offered signs that the labor market is holding steady and inflation is picking up in the U.S.
In its latest policy update, the Bank of England kept its key interest rate at 0.25%, as expected, in a 7-1 vote.
The yen has struggled lately, falling 3.8% against the dollar over the past month, though it remains up 2.6% against the greenback for the year.

dollar vs yen

Dollar weakens vs yen, but outlook stays positive on Fed hike view

as declared in In late trading, the dollar fell 0.4 percent against the safe-haven yen to 113.87 yen.
Against the Swiss franc, another safe haven, the dollar fell 0.2 percent to 1.0073 francs.
Data showed U.S. initial jobless claims unexpectedly fell last week, while producer prices rebounded strongly in April.
FILE PHOTO: Light is cast on a U.S. one-hundred dollar bill next to a Japanese 10,000 yen note in this picture illustration shot February 28, 2013.
The firing of Comey still weighs on the currency market, however, which could curb the dollar’s upside against the yen, analysts said.

Dollar vs yen

In late trading, the dollar fell 0.4 percent against the safe-haven yen to 113.87 yen.
Against the Swiss franc, another safe haven, the dollar fell 0.2 percent to 1.0073 francs.
Data showed U.S. initial jobless claims unexpectedly fell last week, while producer prices rebounded strongly in April.
FILE PHOTO: Light is cast on a U.S. one-hundred dollar bill next to a Japanese 10,000 yen note in this picture illustration shot February 28, 2013.
The firing of Comey still weighs on the currency market, however, which could curb the dollar’s upside against the yen, analysts said.

 

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