Dollar slips from 10-month high, helps yen but intervention watch continues
TOKYO - The dollar pulled further back from a 10-month high against a basket of currencies on Friday on the last trading day of the quarter, giving the yen some breathing room amid intervention concerns.
Markets are looking ahead to the next data points, starting with key U.S. personal consumption data due for release later on Friday. However, a partial government shutdown is looming, which could affect the release of economic data. Richmond Fed President Thomas Barkin joined a slew of Fed officials speaking this week, saying on Thursday it was unclear whether more monetary policy changes will be needed in coming months.
Separate data showed factory output was flat in August compared with July, a sign companies were feeling the pain from soft global demand and weak growth in China's economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's factory activity probably steadied in September - Reuters poll By ReutersChina's factory activity probably steadied in September - Reuters poll
Read more »
Dollar shines as oil surge spooks investors By ReutersDollar shines as oil surge spooks investors
Read more »
Canadian Dollar looking for upside as US Dollar recedesThe Canadian Dollar (CAD) is seeing minor gains against the US Dollar (USD) on Thursday as the Greenback eases off from recent gains. With Oil barrel
Read more »
CarMax quarterly revenue slips on slow used vehicle demand By ReutersCarMax quarterly revenue slips on slow used vehicle demand
Read more »
UK business confidence slips in September: Lloyds Bank By ReutersUK business confidence slips in September: Lloyds Bank
Read more »
Asian stocks inch away from 10-month low, rate jitters linger By ReutersAsian stocks inch away from 10-month low, rate jitters linger
Read more »