June 17, 2021

Dollar Down, Feels Pressure Over Positive U.S. Employment Data By Investing.com

© Reuters.

By Gina Lee

Investing.com – The dollar was down on Friday morning in Asia, as and an improving outlook for the economic recovery from COVID-19, exerted pressure on the U.S. currency.

The that tracks the greenback against a basket of other currencies inched down 0.09% to 90.858 by 12:40 PM ET (4:40 AM GMT).

The pair inched down 0.01% to 109.06, with Japan’s April’s coming in at a better-than-expected 49.5.

The pair inched down 0.04% to 0.7775 and the pair inched down 0.03% to 0.7230.

The pair inched down 0.01% to 6.4592, with the yuan near a two-month high. China also released positive data earlier in the day, with the for April at a better-than-expected 56.3. April’s trade data was also better than expected, with growing 32.3% year-on-year, growing 43.1% year-on-year and the at $42.86 billion.

The pair edged up 0.17% to 1.3908. The U.K.’s Bank…

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