(MENAFN– ecpulse)
The dollar ended this week with a drop against major currencies, after the recently released economic data caused investors to refrain from buying the dollar and choose European currencies.
As for the Japanese yen, it couldn`t record much gain against the U.S dollar, especially with the weak economic outlook for the world`s third largest economy. Investors are waiting for any changes in stimulus plans, as it couldn`t show the expected effect on growth rates in the second quarter of this year.
Moreover, the dollar yen pair rose to 97.37, after it started today`s Asian session at 97.06, keeping in mind that the pair recorded a low of 97.04 yesterday, after the release of U.S data.
The EUR/USD pair showed narrow trades in today, following yesterday`s incline to the highest in one week at 1.3362. The union currency rose against the yen today to record a high of 129.96.
NZ dollar inclined to a nine weeks high against the greenback to record 0.8111, noting that it started today`s session at 0.8071 to continue with its upside wave against the dollar.
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