Investing.com - The U.S. dollar was mixed against its major rivals during Friday’s Asian session as traders nibbled at riskier assets following a strong showing by equities in the U.S. Thursday.
In Asian trading Friday, EUR/USD inched up 0.03% to 1.3524. Earlier this week, European Central Bank President Mario Draghi said the commitment of euro zone policymakers to keep interest rates low allows for flexibility to pare rates further in the even of increased market volatility.
Draghi added that a lengthy showdown in the U.S. regarding the raising of that debt country’s debt ceiling could be harmful to the global economy.
GBP/USD rose 0.05% to 1.5975. On Thursday, the Bank of England’s Monetary Policy Committee voted to leave its benchmark interest rate on hold at 0.5% and made no changes to its GBP375 billion quantitative easing program.
USD/JPY added 0.15% to 98.31 after the Bank of Japan said that country’s corporate goods price index fell to 2.3% last month after an August reading of 2.4%. Analysts expected a September reading of 2.3%.
In a separate report, BoJ said Japan’s M2 money supply was unchanged last month at 3.8%. The August number was revised up to 3.8% from 3.7%. Analysts expected a September reading of 3.7%.
U.S. Treasury Secretary Jack Lew reiterated Thursday that the U.S. will reach its debt ceiling on Oct. 17 and warned that the political crisis is starting to hurt the economy. The comments came during testimony to the Senate finance committee.
It is expected leaders from both parties will be meeting with President Obama at the White House tonight to hammer out a deal to reopen the deal before the deadline for extending the debt ceiling arrives on October 17.
USD/CHF fell 0.08% to 0.9112 while USD/CAD rose 0.09% to 1.0408 as oil prices traded lower.
In U.S. economic news out Thursday, the Labor Department said U.S. initial jobless claims rose to 374,000 last week, an increase of 66,000 from the previous week's unrevised figure of 308,000.
AUD/USD inched up 0.03% to 0.9456 while NZD/USD lost 0.11% to 0.8275. The U.S. Dollar Index nudged up 0.02% to 80.59.
In Asian trading Friday, EUR/USD inched up 0.03% to 1.3524. Earlier this week, European Central Bank President Mario Draghi said the commitment of euro zone policymakers to keep interest rates low allows for flexibility to pare rates further in the even of increased market volatility.
Draghi added that a lengthy showdown in the U.S. regarding the raising of that debt country’s debt ceiling could be harmful to the global economy.
GBP/USD rose 0.05% to 1.5975. On Thursday, the Bank of England’s Monetary Policy Committee voted to leave its benchmark interest rate on hold at 0.5% and made no changes to its GBP375 billion quantitative easing program.
USD/JPY added 0.15% to 98.31 after the Bank of Japan said that country’s corporate goods price index fell to 2.3% last month after an August reading of 2.4%. Analysts expected a September reading of 2.3%.
In a separate report, BoJ said Japan’s M2 money supply was unchanged last month at 3.8%. The August number was revised up to 3.8% from 3.7%. Analysts expected a September reading of 3.7%.
U.S. Treasury Secretary Jack Lew reiterated Thursday that the U.S. will reach its debt ceiling on Oct. 17 and warned that the political crisis is starting to hurt the economy. The comments came during testimony to the Senate finance committee.
It is expected leaders from both parties will be meeting with President Obama at the White House tonight to hammer out a deal to reopen the deal before the deadline for extending the debt ceiling arrives on October 17.
USD/CHF fell 0.08% to 0.9112 while USD/CAD rose 0.09% to 1.0408 as oil prices traded lower.
In U.S. economic news out Thursday, the Labor Department said U.S. initial jobless claims rose to 374,000 last week, an increase of 66,000 from the previous week's unrevised figure of 308,000.
AUD/USD inched up 0.03% to 0.9456 while NZD/USD lost 0.11% to 0.8275. The U.S. Dollar Index nudged up 0.02% to 80.59.