US dollar keeps falling against Japanese yen amid batch of economic data

GMT 00:55 2016 Saturday ,30 April

Arab Today, arab today US dollar keeps falling against Japanese yen amid batch of economic data

US dollar against Japanese yen
New York - XINHUA

The US dollar continued to tumble against the Japanese yen on Friday as investors digested a batch of U.S. economic data.

U.S. personal consumption expenditures increased 12.8 billion U.S. dollars, or 0.1 percent, in March, missing market estimates, the Commerce Department reported Friday.

In March, personal income increased 57.4 billion dollars, or 0.4 percent, and disposable personal income rose 50.4 billion dollars, or 0.4 percent.

Meanwhile, the final reading of the consumer sentiment for April fell to 89.0 from 91.0 in March, the Thomson Reuters/University of Michigan index of consumer sentiment showed Friday.

On Thursday, the U.S. dollar plunged about 3 percent against Japanese yen after the Bank of Japan decided to keep its current monetary policy unchanged despite market expectations of additional easing.

The dollar index, which measures the greenback against six major peers, was down 0.76 percent at 93.048 in late trading Friday.

In late New York trading, the euro rose to 1.1448 dollars from 1.1350 dollars in the previous session, and the British pound fell to 1.4602 dollars from 1.4610 U.S. dollars in the previous session. The Australian dollar decreased to 0.7602 dollar from 0.7638 dollar.

The U.S. dollar bought 106.69 Japanese yen, lower than 108.10 yen of the previous session. The U.S. dollar dipped to 0.9593 Swiss franc from 0.9667 Swiss franc, and it climbed to 1.2543 Canadian dollars from 1.2518 Canadian dollars.

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