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Dollar Shored Up by Strong U.S. Data, Commodity Currencies Sag


Friday, 12 April 2019 08:42 WIB

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The dollar held firm on Friday after strong U.S. labor and inflation data soothed concerns about the world's largest economy, while falling oil prices weighed on commodity-linked currencies such as the Canadian and Australian dollars.

The dollar index against a basket of six major currencies was steady at 97.166 after climbing 0.25 percent the previous day.

The index was headed for a weekly loss of 0.25 percent, having stumbled at the start of the week as Treasury yields fell in the wake of a mixed March U.S. non-farm jobs report.

The dollar was little changed at 111.72 yen after gaining 0.6 percent overnight on the robust U.S. data and the subsequent rise in U.S. Treasury yields.

The pound was steady at $1.3053 after dipping 0.25 percent the previous day against the broadly firmer dollar.

The Australian dollar dipped 0.1 percent to $0.7117 to extend losses from a day earlier, when it sank 0.7 percent.

The euro nudged up 0.1 percent to $1.1262 after losing 0.2 percent on Thursday. The single currency has risen about 0.4 percent this week.

Source : Reuters


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