[TOKYO] The dollar steadied against a basket of currencies on Friday after hitting a two and a half week high overnight as data pointed to a sturdy US economy, while the euro was dented by weak manufacturing activity in Europe.
The dollar index, which measures the greenback against a basket of six other major currencies, rose to as high as 97.485 overnight, its highest level since April 2. It last traded at 97.392 on Friday, down 0.1 per cent on the day. The picture was less bullish in the euro zone as data on Thursday showed that activity in Germany's manufacturing sector shrank for a fourth straight month in April.
The single currency was last up 0.1 per cent against the US dollar at $1.1242, up 0.1 per cent on the day.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo: Stocks open higher on US rallies, cheaper yen[TOKYO] Tokyo stocks opened higher on Monday, taking heart from rallies in New York and a cheaper yen against the dollar. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore housing market ranked 2nd most expensive in the worldThe Singapore housing market maintains its second place, averaging US$874,372 (US$1,063 per sq ft), and Shanghai is third at US$872,555 (US$714 per sq ft).
Source: IndependentSG - 🏆 2. / 72 Read more »
ST Engineering buys US engine parts maker for US$506mDefence contractor Singapore Technologies Engineering on Thursday completed its acquisition of an aeroplane engine parts maker for a net consideration of US$506 million (S$683 million) in cash. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Sarine Tech warns of Q1 net loss of between US$1m and US$1.5mMAINBOARD-LISTED diamond technologies firm Sarine Technologies has warned of a net loss of between US$1 million and US$1.5 million for the first quarter ended March 31, in a Singapore Exchange filing on Thursday after the market close. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US businesses no longer 'positive anchor' for US-China relations: chamberFrustrated U.S. businesses can no longer be counted on as a 'positive anchor' in U.S.-China relations, a top U.S. business lobby said on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Mexican, US business leaders unite to rebuke 'disastrous' Trump border closure threatsMexican and U.S. business leaders on Friday pushed back against President Donald Trump's threats to close the U.S.-Mexico border and urged him to ... Wilbur Ross is there. Makes no sense.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Justice Department tells T-Mobile, Sprint it has concerns about merger: sourcesThe U.S. Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned US$26 billion merger in its current form, a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »