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New York (AFP / Reuters) - The dollar gained against the euro on Friday (Saturday morning local time), in choppy trade that is dictated by the action of the bonds in Europe and data from China and the United States, analysts said.
"The journey continues rollercoaster after Easter alternately through Asia and European trading hours on Friday, and encourage U.S. and Canadian dollars into green territory against a basket of currencies," said analysts at Travelex.
At 21.00 GMT (04:00 GMT Saturday), the euro fell to 1.3078 dollars from 1.3188 dollars late on Thursday in New York.
Vagaries of the European debt markets, especially the back and forth from the Italian and Spanish bond prices, once again it looks great.
"Treasury bond yield for the two countries is higher, and the euro has so far failed to break back above 1.32 against the dollar," said David Morrison of GFT trading group.
"Investors are bewildered by the news that Spanish banks are borrowing from the European Central Bank (ECB) increased dramatically last month."
Meanwhile, because the risk of slower growth in China beat better than expected earnings from two big banks and Internet giant Google.
China on Friday said its economy grew by 8.1 percent in the first three months of 2012, the slowest pace in almost three years, but analysts expect increases in the second half of 2012.
The dollar rose slightly against the yen, reaching 80.91 yen against 80.91
yen the previous day.
The pound fell to 1.5844 dollars from 1.5958 dollars. (tp)
"The journey continues rollercoaster after Easter alternately through Asia and European trading hours on Friday, and encourage U.S. and Canadian dollars into green territory against a basket of currencies," said analysts at Travelex.
At 21.00 GMT (04:00 GMT Saturday), the euro fell to 1.3078 dollars from 1.3188 dollars late on Thursday in New York.
Vagaries of the European debt markets, especially the back and forth from the Italian and Spanish bond prices, once again it looks great.
"Treasury bond yield for the two countries is higher, and the euro has so far failed to break back above 1.32 against the dollar," said David Morrison of GFT trading group.
"Investors are bewildered by the news that Spanish banks are borrowing from the European Central Bank (ECB) increased dramatically last month."
Meanwhile, because the risk of slower growth in China beat better than expected earnings from two big banks and Internet giant Google.
China on Friday said its economy grew by 8.1 percent in the first three months of 2012, the slowest pace in almost three years, but analysts expect increases in the second half of 2012.
The dollar rose slightly against the yen, reaching 80.91 yen against 80.91
yen the previous day.
The pound fell to 1.5844 dollars from 1.5958 dollars. (tp)
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