FOREX-Dollar slips on cooler US inflation; yen fragile ahead of BOJ
- Location: 20600, Alofau, Manu'a, France
SINGAPORE, June 13 (Reuters) - Asian currencies were firm on Thursday against a dollar knocked by softer-than-expected U.S. inflation, save for เลขงวดนี้ the yen which remained squeezed ahead of a Bank of Japan meeting and as U.S. policymakers signalled rates would be kept high for a while yet.
Overnight the euro went up 0.6% and punched above its 200-day moving average, last buying $1.0811. The Aussie dollar rose 0.9% to $0.6662 and the New Zealand dollar leapt to a five-month high above $0.62 before settling at $0.6183. The yen climbed, but only by about 0.2%.
Gains had been larger in the immediate aftermath of the U.S. inflation report, which showed consumer prices flat month-to-month in May against market expectations of a 0.1% rise.
They were pared when the Federal Reserve left the funds rate on hold at 5.25-5.
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