Saturday, 27 January 2018 03:45 WIB | CURRENCIES |DOLLAR Yen EuroDolar ASPoundsterling
The U.S. dollar was once again under pressure on Friday, as the boost from comments by President Donald Trump on a œstronger and stronger currency faded. Fourth quarter GDP data, which fell short of the consensus but nevertheless confirmed a continued U.S. economic expansion, led the buck to modestly extend its losses.
The ICE U.S. Dollar Index which measures the greenback against six rival currencies, was last down 0.4% at 89.085, setting it on track for a 1.6% weekly slide. That would be its biggest loss in one week since June last year, according to FactSet data.
The broader WSJ Dollar Index was also down 0.4% to 83.12, on track for a 1.6% decline on the week.
The euro was hovering close to three-year highs on Friday, climbing to $1.2421 from $1.2397 late Thursday in New York. For the week so far, the euro has risen 1.6%.
The British pound which has climbed 2.2% against the dollar this week, strengthened to $1.4155 from $1.4139 on Thursday.
The greenback was also down against the yen on Friday, but the yen had a rocky ride on the back of comments from Bank of Japan officials. First Gov. Haruhiko Kuroda said inflation was finally getting close to the 2% target and that CPI expectations could rise, causing the yen to rally, before a BOJ spokesperson clarified that there was no change to the BOJ™s inflation outlook, which led the yen to pair gains.
The dollar last bought ¥108.70, compared with ¥109.40 on Thursday, close to four-months low. On the week, the dollar slipped 1.9% against the yen.