The dollar weakened for a third day against the yen as a gauge of whether U.S. economic data is beating or falling short of forecasts slid to the lowest level since August.
The yen strengthened against all except three of its 16 major counterparts as trading patterns signaled its declines this month were excessive. Australia’s dollar rallied after a government report showed private capital expenditure unexpectedly increased. U.S. financial markets are shut for the Thanksgiving holiday.
The dollar fell 0.4 percent to 117.30 yen at 1:51 p.m. in Tokyo after climbing to 118.98 on Nov. 20, the strongest level since August 2007. The U.S. currency was little changed at $ 1.2509 per euro. The yen rose 0.4 percent to 146.33 per euro.
The Bloomberg Dollar Spot Index, which tracks the currency versus 10 major peers, dropped 0.1 percent to 1,095.87 after declining 0.2 percent yesterday.
Citigroup Inc.’s Economic Surprise Index for the U.S., which measures whether data have been above or below analysts’ forecasts, fell to 6.2 yesterday, the lowest since Aug. 25, from 16.4 the previous day.
Source : Bloomberg
Sumber : bpfnews.com