Dollar eases against yen and euro in Asia

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TOKYO: The dollar edged lower in Asian trade Friday following better-than expected US growth data and easing concerns about an imminent US-led strike on Syria.

The greenback also eased against the rupee as India's central bank moved to support the troubled currency after it slumped to record lows,

while a rate hike in Indonesia provided some support to the rupiah.

In early trade in Tokyo Friday, the euro traded at $1.3245, a tad up from $1.3241 in New York Thursday, while the dollar bought 98.18 yen, compared with 98.32 yen. The euro fetched 130.03 yen against 130.18 yen.

And the rupee sat at 66.60 to the dollar, an improvement on the levels above 68 seen on Wednesday, while the dollar bought 10,920 rupiah, down from levels above 11,000 this week, after Bank Indonesia raised rates 50 basis points late Thursday.

In Washington the Commerce Department said the US economy grew an annualized 2.5 percent in the second quarter, well above the 1.7 percent originally estimated and better than the 2.1 percent revision broadly expected.

However, while the figures show the world's number one economy picking up, analysts said they raise the likelihood the US Federal Reserve will soon begin to wind down its $85 billion a month stimulus scheme.


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