Greenback reaches one-week peak vs. yen on positive American data

Greenback reaches one-week peak vs. yen on positive American data

On Friday, the evergreen buck reached a one-week peak versus the Japanese yen, following positive American private sector job figures. Meanwhile, the closely-watched non-farm payrolls could potentially provide another spur.

The US dollar reached 111.680 yen, which is its highest outcome since May 26, before rebounding to 111.580, to maintain a 0.2% revenue on the day.

The evergreen buck also obtained an extra lift as Japan's Nikkei hit a 22-month high after Wall Street demonstrated record peaks. It definitely tamed demand for the Japanese yen.

The Australian dollar traded 0.2% higher, showing $0.7388, getting some ground, reacting to its steep slide on Thursday.

On Thursday, Australia’s major currency lost 0.75% just to plumb a four-week minimum of $0.7372, following news of a sudden dip in China's manufacturing activity.

As for the New Zealand dollar, it grew 0.1%, hitting $0.7072.

 

 

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