The
dollar slipped in Asia Monday following mixed US data and simmering
geopolitical concerns, while the Indian rupee sat close to one-year
highs after the pro-business opposition won the country's general
election.In afternoon Tokyo trading, the greenback fetched 101.43 yen, against 101.54 yen in New York Friday afternoon.
The euro rose to $1.3700 from $1.3695 while changing hands at 138.98 yen against 139.08 yen.
On Friday, data showed US housing starts jumped a stronger-than-expected 13.2 percent in April, although the jump was driven by construction in the often-volatile multi-unit sector, while consumer confidence weakened.
Traders are now looking to Wednesday's release of minutes from the Federal Reserve's April 29-30 policy meeting, with Credit Agricole saying they "will be closely scrutinised for potential evolution of forward guidance as well as for clues on the monetary policy path going forward".
Also Wednesday the Bank of Japan will complete its own two-day policy meeting, which will be watched for an idea of its plans for its own monetary policy.
The dollar was mostly lower against other Asia-Pacific currencies. It fell to 11,358.80 Indonesian rupiah from 11,401.80 rupiah on Friday, to Tw$30.13 from Tw$30.15, and to 1,022.53 South Korean won from 1,025.16 won.
The US unit also dropped to Sg$1.2510 from Sg$1.2520, to 43.62 Philippine pesos from 43.75 pesos and to 32.47 Thai baht from 32.48 baht.
The Australian dollar was unchanged at 93.53 US cents while the Chinese yuan slipped to 16.23 yen from 16.26 yen.
Source : AFP
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