The U.S. dollar was stuck in the upper
At noon, the dollar fetched
The euro was quoted at
Stronger-than-expected revised U.S. gross domestic product data for the April-June quarter provided support for the dollar, but sentiment was dampened by the worsening
"Though hopes for a U.S. economic recovery remain intact, the dollar's advance was capped by yen buying to avert risks stemming from rising tensions in the
"Looking back on August, it has been a tug of war between the U.S. macro economy and geopolitical risks," he added.
The currency market was little influenced by a batch of Japanese economic data released early Friday, including consumer prices rising 3.3 percent in July from a year earlier for the 14th straight monthly gain.
The data, which also included output and unemployment figures for July, did not surprise market participants, who thought weaker-than-expected results would have stirred speculation over further monetary easing by the
"Unemployment and output data were slightly softer than projections, but they were not weak enough to immediately heighten expectations of additional easing," Suzuki said.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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