Loading...
See More

Dollar firms on positive US outlook

Jan 04 2011 09:43 AFP

Related Articles

Dollar strengthens against euro

Weak dollar boosts gold, spurs silver

Dollar falls against euro, yen

Aussie dollar hits new post-float high

Dollar in narrow ranges

Dollar dips as risk appetite returns

 

Tokyo - The dollar gained ground against other major currencies in Asia on Tuesday on the back of an improved outlook for US economic growth, dealers said.

The dollar climbed to ¥81.87 in Tokyo morning trade from ¥81.70 in New York late on Monday.

The euro fell to $1.3341 from $1.3356. The single European currency rose to ¥109.22 from ¥109.07.

"An overnight rise in New York stocks and strong US economic data supported the dollar," said Nobuaki Tani, a dealer at Resona Bank.

"Dollar-positive sentiment on expectations of US economic recovery is likely to persist as the market awaits upcoming data such as a US employment report later this week," he said.

Among upbeat US data released on Monday, the Institute for Supply Management reported that the nation's manufacturing activity grew for the 17th straight month in December.

dollar  |  markets  |  yen  |  euro  |  us economy
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...