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Friday, May 16, 2014

Dollar weaker in Asia as US, Eurozone Data Disappoint

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 1:52 AM No comments


The dollar was under pressure in Asia Friday following a disappointing batch of data out of the United States and eurozone that led investors out of high risk assets.
In afternoon Tokyo trading, the greenback fetched 101.46 yen, down from 101.57 yen in New York and 101.83 yen in Tokyo earlier Thursday.
The euro bought $1.3715 and 139.19 yen compared with $1.3711 and 139.26 yen.
In other trading, the Indian rupee gained more than one percent as the nation's stock market jumped to a record high.
The dollar bought 58.69 Indian rupees Friday afternoon, down from 59.50 rupees on Thursday, as election results indicated Hindu nationalist party leader Narendra Modi, riding a wave of public support for his pledge to revive the economy, was set to become the country's next prime minister.
In the eurozone, gross domestic product (GDP) across the 18-nation group expanded just 0.2 percent in January-March, data agency Eurostat said, half the 0.4 percent that had been forecast.
Source : AFP

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