The US dollar managed to steady against a basket of major rivals\non Friday after hitting a two-week high overnight, as data showed a strong US\neconomy. Meanwhile, the euro was affected by weak manufacturing activity in\nEurope.<\/p>\n\n\n\n
Many financial markets closed due to the Good Friday holiday.\nCurrency markets remain open but volumes are expected to be thin.<\/p>\n\n\n\n
The dollar index, which tracks the greenback versus a basket of\nsix other major currencies, rose to 97.485 points overnight, the highest since\nApril 2. The latest trading was at the price of 97.392 on Friday, down 0.1% on\nthe day.<\/p>\n\n\n\n
Retail sales in the United States rose the most in a year and a\nhalf in March as families boosted car purchases and a wide variety of other\ncommodities, the latest sign that economic growth rose in the first quarter\nafter a false start.<\/p>\n\n\n\n
The strength of the economy was also boosted with other data on\nThursday, showing a drop in the number of Americans applying for unemployment\nbenefits to a 50-year low last week.<\/p>\n\n\n\n
In addition to the recent rise in Chinese data, the latest US\nretail sales helped ease investor fears about the global economy. It seems that\ntrading will be very quiet because of the Easter holiday, according to the\nopinions of senior US markets analysts.<\/p>\n\n\n\n
The environment was less bullish in the euro zone as data showed\non Thursday that activity in the German manufacturing sector contracted for a\nfourth straight month in April.<\/p>\n\n\n\n
The euro fell against the dollar to $1.1226, its lowest level in\na week and a half following data from Europe’s largest economy that came in\nlower than analysts had forecast.<\/p>\n\n\n\n
The single currency last rose 0.1% against the US dollar at\n$1.1242, up 0.1% a day.<\/p>\n\n\n\n
In contrast, weak European data pushed the yen to a one-week high\nof 111.765 yen per dollar at one point late on Thursday. Yen hit 111.935 in the\nlatest narrow range.<\/p>\n\n\n\n
Special Counsel Robert Muller’s report on Russia’s role in the\n2016 US election had a very thin impact on the markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
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