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Dollar trades lower against euro

On Friday, the evergreen buck traded lower against the common currency and also was steady near a 22-month minimum against the Japanese yen because gloomy American data and the BOJ’s and Fed’s decision not to change their monetary policies, kept weighing on the US dollar.     

The currency pair EUR/USD soared 0.17%, trading at 1.1244.

Sentiment on the US dollar remained quite vulnerable after the US Department of Labor told on Thursday that the overall number of folks filing for initial jobless benefits in the closing June 11 descended by 13,000 to 277,000.

Apart from that, the US Commerce Department told that in May consumer prices ascended 0.2%, compared to expectations for a 0.2% surge. Year-over-year consumer prices appeared to be 1% higher the previous month, below hopes for a 1.1% soar.

Traders were keeping an eye open on the publication of data on American building permits as well as housing starts later this day for further indications on the strength of the US economy.

The currency pair USD/JPY traded at 104.29, close to Thursday’s 22-month minimum of 103.55.

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