Euro extends rally in Asia as markets eye US data

The single currency bought US$1.3622, from US$1.3576 in New York trade on Thursday while it fetched 125.59 yen, compared with 124.52 yen in New York.

The greenback edged up on the Japanese unit at 92.17 yen, from 91.70 yen in U.S. trading.

The dollar has been under pressure as data showed the U.S. economy contracted 0.1 percent in the last quarter of 2012, while a surge in eurozone confidence also helped the 17-nation euro.

The dollar was mostly firmer against other Asia-Pacific currencies, rising to SG$1.2422 from SG$1.2391 on Thursday to 1,095.65 South Korean won from 1,089.30 won.

The greenback edged up to 40.70 Philippine pesos from 40.65 pesos and to 53.33 Indian rupees from 53.14 rupees.

But it weakened to 9,695 rupiah from to 9,740 rupiah.

The Australian dollar bought US$1.0398 from US$1.0393, while China's yuan fetched 14.81 yen against 14.60.

Eyes are on the release on Friday of nonfarm payroll figures, with traders looking for fresh clues as to the state of the economy. U.S. consumer confidence, construction spending and vehicle sales are also expected.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Oil prices decline ahead of US jobs report

NEXT ARTICLE
China shares post best week since Oct. 2011

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit