Dollar under pressure in Asia after US sell-off
Friday, 17 October 2014
TOKYO, Oct 16 (AFP): The dollar struggled against the yen in Asia today after tumbling in New York trade in response to a weak batch of US data that has sparked fears about the world's number one economy.
In the afternoon Tokyo trade, the dollar bought 106.19 yen, up from 105.91 yen in New York, but sharply lower than 107.33 yen in Tokyo earlier Wednesday.
At the start of the month, the greenback broke 110 yen for the first time in six years.
The euro was at $1.2800 against $1.2834 in New York but still much stronger than $1.2702 earlier Wednesday in Tokyo. The single currency was flat at 135.95 yen from 135.94 yen in US trade.