The dollar
strengthened against its main rivals in light trading as most markets in
Europe and the U.S. were closed in observance of the Good Friday
holiday.
The greenback recently
traded at ¥113.08, compared with ¥112.79 late Thursday in New York. The
buck added to its gains after a third estimate of U.S. fourth quarter
gross domestic product was revised to show 1.4% growth, up from 1% in a
previous reading.
The ICE U.S. dollar
index a measure of the dollar’s strength against a basket of six rivals,
rose 0.1% to 96.1990, putting it on track to rise for a sixth straight
day.
In Asia equity
trading, Japanese and Chinese shares closed higher, but other
markets–including Taiwan, Australia and Korea–were down.
Chinese yuan traded in
the onshore market briefly fell to a three-week low at 6.5267 to the
dollar, but it pared its decline to 6.5193 in recent trade.
The euro traded at $1.1165, compared with $1.1180 late Thursday. The pound traded at $1.4128, compared with $1.4146.
Source : Market Watch
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