By: Barbara Zigah
In Friday’s trading in Tokyo, the U.S. Dollar traded mixed. As reported at 3:17 p.m. (JST), the U.S. Dollar Index, which is a measure of the greenback’s value versus a group of major currencies, edged up to 78.089 .DXY, an increase of .1%. The U.S. Dollar suffered in late New York selling, at one point dropping .8% within a single hour versus a basket of major currencies.
Versus the Japanese Yen, the Dollar gained .3%, to trade at 93.75 Yen, following yesterday’s 1-month low trade of 93.20 Yen. The U.S. currency dipped slightly versus the Swiss Franc, down .1% to 1.0581 Francs, from yesterday’s New York trading; analysts suggest that the Thursday decline may have been the result of system-generated sell orders. Versus the single currency Euro, the U.S. Dollar traded lower by .2% to trade at $1.4366, off yesterday’s 3-week low of $1.4407 as reported on the EBS trading platform. Higher-yielding currencies moved up versus the U.S. Dollar; the Australian Dollar traded at 1.5%, a gain of .1% on speculation that the Australian central bank may increase its cash rate within the next few months. The New Zealand Dollar also traded at $0.6811, up .1%, and just shy of an 11-month high of $0.6898.
U.S. Dollar mixed after N.Y. Sell-off
Barbara Zigah
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About Barbara Zigah
After working on Wall Street, Barb began her second career as a freelance writer at Daily Forex, where the CEO recognized fresh, untapped potential and was willing to give her a try. She’s never looked back. Since then, she’s worked steadily as a freelance writer and editor in the financial services and Forex-related industry.