All data is delayed
Loading...
See More

Dollar firms on positive US outlook

Jan 04 2011 09:43
AFP

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

 
 
 

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

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

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

Voting Booth

Working remotely is:

Previous results · Suggest a vote

Loading...