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Forex — Dollar edges Up Against Yen In Early Asia, a British EU-exit, The speech Eyed — Forex Stock Trade




Forex — Dollar edges Up Against Yen In Early Asia, a British EU-exit, The speech Eyed





© Reuters. Dollar edges up in Asia

Investing.com — The dollar ticked slightly higher against the yen early Friday in Asia with no major regional data on tap and investors on a firm political speech on Leaving later in the day.

USD/JPY changed hands at 112.48, up to 0.01%, while AUD/USD traded 0.7933, up to 0.03%. GBP/USD was last quoted down 0.02% to 1.3579.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was quoted last down 0.27% 91.97.

Overnight, sterling added to earlier gains to rise against the greenback, as market participants look ahead to an important speech by the British Prime Minister Theresa May on Brexit scheduled for Friday.

The dollar fell against a basket of major currencies, such as the post-Fed rally fading of the economic reports show manufacturing and labor market activity exceeded expectations let, in spite of a duo.

The bullish manufacturing report beat forecasts for a score of 18 amid economists ‘ expectations that a malfunction due to hurricane Harvey dent national manufacturing.

The Philadelphia Fed said on Thursday that its manufacturing index rose to a reading of 23.8, a three-month high of 18.9 in August.

Meanwhile, initial claims for unemployment benefits decreased by 23,000 to 259,000 in the week ended Sept. 16, beating forecasts of a decline of 18,000, the U.S. Department of labor reported on Thursday.

The negative session for the greenback comes a day after strong gains after a somewhat radical-Federal Reserve statement, the excited expectations for a year-end rate increase.

The «dot plot» of FOMC summary of Economic projections, which showed that the Central Bank saw rates increase between 1.25% and 1.5% by the end of 2017. With prices stable at 1-1.25%, pointing to a further interest rate increase this year.

The majority of dealers — more than 70% expect that the interest rate the Fed increase in December, according to investing.com’s-rate-monitor-tool.

Losses in the greenback were limited, however, as the yen weakened in the Wake of the Bank of Japan’s overnight decision to leave interest rates unchanged.



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