Economic Data Bolstering Currencies

The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.

The dollar was little changed at 101.76 yen after gaining more than 0.3 percent overnight to a two-week high of 101.86 after weekly U.S. filings for first-time jobless benefits fell to the lowest level since early 2006.

The greenback, which has been closely tracking U.S. debt yields, was also helped by a rise in yields after the strong employment indicator. It was poised to gain about 0.4 percent on the week against the Japanese currency but lacked the momentum to test the 102.00 threshold.

Reuters

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