The dollar eased against a basket of currencies on Friday while sterling gained ...
TOKYO - The dollar eased against a basket of currencies on Friday while sterling gained slightly on news that Prime Minister Theresa May had bought a bit more time to resolve when and how Britain exits from the European Union.
“Whenever we get news of the can being kicked down the road, the market reacts positively,” said Bart Wakabayashi, Tokyo branch manager at State Street Bank. Japan’s core consumer prices rose 0.7 percent in February from a year earlier, slowing from the previous month’s pace, data showed on Friday. Three in four Japanese companies expect U.S.-China trade frictions to last until at least late 2019, a sharp contrast to market hopes that presidents Donald Trump and Xi Jinping might soon strike a deal, a Reuters poll found.
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