Dollar hits three-week high vs. yen on trade optimism; U.S. jobs data awaited
TOKYO - The dollar rose to a three-week high versus the yen on Friday, lifted by expectations that a protracted trade dispute between the United States and China would be resolved soon.
The greenback has gained about 0.85 percent against its safe-haven Japanese peer this week, thanks also to factors such as strong U.S. economic data and broad improvement in risk appetite. U.S. President Donald Trump said on Thursday both countries were getting very close to a trade deal that could be announced within four weeks.
“In particular focus is how strong the earnings component of the jobs report turns out to be. A strong wages outcome would underline robust private consumption and hasten the rebound in Treasury yields and in turn allow dollar/yen to test fresh highs,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.The euro was steady at $1.1223, capped firmly after data released on Thursday showed German industrial order dropped in February.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sell the Aussie and Kiwi dollar, buy the yuan, says ANZInvestors should sell the Australian dollar and New Zealand dollar, and put their money in the Chinese yuan and the Singapore dollar instead, according to an ANZ analyst on Friday.
Read more »
Dollar bounces, set for steepest rise in five months even as growth slowsThe dollar was poised on Friday for its strongest gain in five months as investo...
Read more »
Dollar bounces, set for steepest rise in five months even as growth slowsThe dollar was poised on Friday for its strongest gain in five months as investo...
Read more »
Euro firms on trade optimism, sterling higher after Brexit voteThe euro held firm against the dollar on Thursday as hopes of a trade deal betwe...
Read more »
Dollar Tree, which sells everything for a buck, should try pricing some items higher, analyst saysThe discount retailer needs to test breaking the $1 price point as most shoppers welcome the change, according to Jefferies.
Read more »
Women with MBAs earn 74 cents for every dollar their male peers makeExperts attribute the gap to several factors, but 'at the heart of the gender wage gap is discrimination.'
Read more »
Snap is taking on Apple in the multi-billion dollar mobile gaming businessSnap announced a new ad-supported gaming platform at an event Thursday, following Apple and Google into the gaming space.
Read more »
Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC' - sourcesSaudi Arabia is threatening to sell its oil in currencies other than the dollar ...
Read more »
The winner of HGTV's multimillion-dollar Dream Home can expect a hefty tax billThe winner of HGTV's multimillion-dollar Dream Home can expect a hefty tax bill via CNBCMakeIt
Read more »
Dollar's advance stalls as U.S. yields bounce slowsThe dollar was steady against its peers on Wednesday, as the recent bounce in U....
Read more »