On Monday, the US dollar index plunged from 96.40 to 95.70.
Japan March exports rise for fourth month
In March, Japanese exports were expected to ascend for a fourth straight month due to decent global demand, while imports seemed to earn at their fastest for three years as crude prices added, as a Reuters poll disclosed.
Exports were seen likely to edge up 6.7% March from last year after they grew 11.3% in February. That’s what the survey of 18 analysts revealed.
That revenue turned to be the most in more than two years. It also included a rebound from January's Lunar New Year drop.
A revival in crude prices as well as a dipping yen brought Japanese imports up 10.4% from last year, the fastest surge since March 2014 when they inched up an annual 18.2%.
It would generate trade surplus at 575.8 billion yen, which is a third straight month of surplus.
Demand for electronics components from Asian nations probably kept bolstering Japan's exports.
On April 18, the United States and Japan will start a crucial economic dialogue, with Tokyo looking to fend off American pressure to minimize the bilateral trade imbalance.
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