The U.S dollar stayed almost flat against the yen at 102.35, while against the euro it traded at 1.3859. The euro traded at 141.86 against the yen. The upbeat U.S. consumer spending in March followed by the uptrend manufacturing in April predicts an upbeat U.S economy in the second quarter.
This week, a few of the 31 major currency counterparts of the greenback moved up, including South Africa’s rand and Hungary’s forint moving up by more than 1.3%.
The euro moved up against the dollar by 0.2%, while the yen lost against the dollar by 0.2%. In another part of the world, Indonesia’s rupiah surged up by 0.2 % to 11,536 per dollar, making a first weekly advance in a month. Data depicts a slowdown in inflation in April and an increase in exports compared to the imports.
The purchasing managers’ index (COMFCOMF) revealed a lower China’s manufacturing data than the expected estimation of analysts. According to data from Mark it Economics in London, the manufacturing sector in U.K gains momentum. The U.K manufacturing sector advanced more than the expected level of economists making an eight month high.
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