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Dollar logs 6th straight day of gains
Published in Amwal Al Ghad on 26 - 03 - 2016

The dollar strengthened against its main rivals in light trading as most markets in Europe and the U.S. were ended in observance of the Good Friday holiday.
The greenback USDJPY, +0.16% recently traded at ¥113.08, logging a slight weekly gain after seeing its largest decline against the yen in a month last week. By comparison, the buck traded at ¥112.79 late Thursday in New York.
The buck added to its gains after a third estimate of U.S. fourth quarter gross domestic product was revised to show 1.4% growth, up from 1% in a previous reading.
The ICE U.S. dollar index DXY, +0.09% a measure of the dollar's strength against a basket of six rivals, rose 0.1% to 96.2770, logging a sixth straight daily gain.
In Asia equity trading, Japanese NIK, +0.65% and Chinese SHCOMP, +0.62% shares closed higher, but other markets—including Taiwan, Australia and Korea—were down.
The Chinese yuan USDCNY, +0.0706% traded in the onshore market briefly fell to a three-week low at 6.5267 to the dollar, but pared its decline to 6.5204 in recent trade.
The euro EURUSD, -0.0537% traded at $1.1170 late Friday, compared with $1.1180 late Thursday, logging its first weekly decline against the greenback in three.
The pound GBPUSD, -0.1342% traded at $1.4140 late Friday compared with $1.4146, Thursday. The British currency weakened this week as investors worried that a series of deadly attacks in Brussels would increase the likelihood that the U.K. might vote to leave the European Union — the so-called Brexit scenario.
Source: MarketWatch


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