USD/JPY

Dollar Trims Weekly Gain as Traders Await US Data

The dollar slipped versus most of Group-of-10 peers in a slow session before the London-New York crossover. 

Treasuries modestly drop with the Bloomberg Dollar Spot Index down 0.1%, trimming its weekly gain to 0.4%.

Market is in waiting mode before PPI data and in search of fresh stimulus, a Europe-based trader says, with spot .volumes running around 60%-70% of recent averages.

US data later Friday also include University of Michigan consumer sentiment; Canada jobs report also in focus.

USD/JPY climbs 0.1% to 148.74 and is little changed on a weekly basis; its volatility skew is steady.

EUR/USD heads for a second weekly drop for the first time since July; euro is up 0.1% to 1.0949.

France's new deficit target appears "too optimistic" and may lead to rating risks, though that seems to already be in bond prices, according to Citigroup.

GBP/USD reverses losses to rise 0.2% to 1.3079; it held earlier losses after data showed the UK economy returned to growth in August.

Source : Bloomberg

 

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