The ICE dollar index, which measures the greenback against a weighted basket of six other currencies, traded at 78.774 in Asian trading hours, up from 78.733 in late North American trading on Friday.
The US dollar had fallen against most major rivals Friday after data showed the US economy was 2.2 per cent larger in the first quarter than in the year-earlier period, missing a median forecast for 2.7 per cent growth.
Still, strategists at Barclays Capital said that the details of the data “offered mixed messages,” and the bottom line is “a recovery that continues at a modest pace.”
Despite the weaker dollar, the euro slipped to $US1.3234 against the greenback, down from $US1.3252 in late North American trading on Friday.
The British pound traded at $US1.6273, up from $US1.6265 late Friday, while the Australian dollar eased to $US1.0443, down from $US1.0468.
The dollar lost ground against the Japanese yen, buying ¥80.24, down from ¥80.38 in late trading Friday. Japanese markets were closed Monday for a holiday.
Last week, the greenback lost 1.4 per cent against the Japanese currency, with markets shrugging off more easing from the Bank of Japan.
The dollar lost ground against the Japanese yen, buying ¥80.24, down from ¥80.38 in late trading Friday. Japanese markets were closed Monday for a holiday.
Last week, the greenback lost 1.4 per cent against the Japanese currency, with markets shrugging off more easing from the Bank of Japan.
The euro-yen cross-rate showed the euro declining to ¥106.16, down from ¥106.52 in late trading Friday.
0 comments:
Post a Comment