Dollar slips in Asian trade

Posted on Apr 03 , 2012 • 2 Comments

Dollar slips in Asian trade The dollar eased in Asian trade on Tuesday with the euro and safe-haven yen both rising ahead of key economic data due this week, including a US jobs report. The greenback slipped to 81.84 yen in Asian trade, compared with 82.28 yen in New York Monday. The euro gained to $1.3346 from $1.3325 in New York, and edged up to 109.27 yen, compared with 109.22 yen overnight in mixed trade. The yen's lure as a safe haven continued as investors …

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Euro up on new loan pledges to eurozone banks The euro edged up in Asia on Wednesday, supported by positive expectations over the European Central Bank's second batch of low-interest loans to eurozone banks. The single currency fetched $1.3482 in Tokyo afternoon trade, compared with $1.3466 in New York late Tuesday. Against the yen, the euro was unchanged at 108.34. "There is a strong sense of anticipation," a senior trader at a major Japanese trust bank said as the market awaited a flood …

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Euro falls on debt woes, dollar up against yen The euro fell against the dollar in Asia on Wednesday amid worries over Europe's debt woes while the greenback hit a 15-week high against the yen after the Bank of Japan's surprise credit easing. The euro slipped to $1.3113 in Tokyo morning trade from $1.3134 late Tuesday in New York after eurozone finance ministers delayed a decision on a new Greek bailout. The dollar rose to 78.67 yen at one point - its highest level since November 1 - from 78.44 …

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