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    <title>Business Recorder - Markets - Financial</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Sun, 16 Aug 2026 22:01:47 +0500</pubDate>
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      <title>Dollar solid on positive US outlook</title>
      <link>https://www.brecorder.com/news/938/dollar-solid-on-positive-us-outlook</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; float: left;" alt="dollar_400" src="https://i.brecorder.com/images/stories/pics2010/dec/dollar_400.jpg" width="400" height="255" /&gt;TOKYO: The dollar held firm against the yen in Asia on Thursday, as a positive outlook on the US economy continued to underpin the greenback, dealers said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The dollar edged up to 83.27 yen in Tokyo morning trade from 83.24 yen in New York late Wednesday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The euro fetched $1.3151 against $1.3150 the previous day. The single European currency gained to 109.51 yen from 109.42 yen.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Private payrolls firm ADP on Wednesday reported a sharp rise in hiring in the US private sector ahead of Friday's keenly-awaited monthly unemployment figures.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The upbeat ADP report fuelled the market's appetite for risk and spurred sales of safe-haven US Treasuries, dealers said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"The dollar maintained its strength after the healthy ADP numbers drove up US Treasury yields and bolstered dollar purchases," said Tohru Sasaki, strategist at JPMorgan Chase Bank in Tokyo.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Since December, a series of data have indicated an improvement in the US economy."&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;But the dollar's gain was limited in Tokyo as the market was still awaiting Friday's US employment report, dealers said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Some investors remained cautious over Friday's non-farm payrolls data despite the strong ADP numbers, a senior dealer at a major European bank in Tokyo told Dow Jones Newswires.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt; &lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2010&lt;/i&gt;&lt;/b&gt;&lt;i&gt; &lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
&lt;p&gt; &lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; float: left;" alt="dollar_400" src="https://i.brecorder.com/images/stories/pics2010/dec/dollar_400.jpg" width="400" height="255" />TOKYO: The dollar held firm against the yen in Asia on Thursday, as a positive outlook on the US economy continued to underpin the greenback, dealers said.</p>
<p class="MsoPlainText">The dollar edged up to 83.27 yen in Tokyo morning trade from 83.24 yen in New York late Wednesday.</p>
<p class="MsoPlainText">The euro fetched $1.3151 against $1.3150 the previous day. The single European currency gained to 109.51 yen from 109.42 yen.</p>
<p class="MsoPlainText">Private payrolls firm ADP on Wednesday reported a sharp rise in hiring in the US private sector ahead of Friday's keenly-awaited monthly unemployment figures.</p>
<p class="MsoPlainText">The upbeat ADP report fuelled the market's appetite for risk and spurred sales of safe-haven US Treasuries, dealers said.</p>
<p class="MsoPlainText">"The dollar maintained its strength after the healthy ADP numbers drove up US Treasury yields and bolstered dollar purchases," said Tohru Sasaki, strategist at JPMorgan Chase Bank in Tokyo.</p>
<p class="MsoPlainText">"Since December, a series of data have indicated an improvement in the US economy."</p>
<p class="MsoPlainText">But the dollar's gain was limited in Tokyo as the market was still awaiting Friday's US employment report, dealers said.</p>
<p class="MsoPlainText">Some investors remained cautious over Friday's non-farm payrolls data despite the strong ADP numbers, a senior dealer at a major European bank in Tokyo told Dow Jones Newswires.</p>
<p class="MsoPlainText"> </p>
<p><center><b><i>Copyright AFP (Agence France-Presse), 2010</i></b><i> </i></center></p>
<p> </p>
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      <category>Markets</category>
      <guid>https://www.brecorder.com/news/938</guid>
      <pubDate>Thu, 06 Jan 2011 09:14:19 +0500</pubDate>
      <author>none@none.com (Fakir Syed Iqtidaruddin)</author>
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