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RPT - Dollar mixed despite supportive data, month-end flows.
(From AFX Europe (Focus))
NEW YORK (XFN-ASIA) - The dollar turned in a mixed performance on the last trading day of the month, losing ground against the euro but notching up a small win vs the yen on a day when US economic data and currency flows were described as supportive.
Euro-dollar was trading around 1.2685 usd late in the Friday session, a not unfamiliar level when viewed against its trading range last week. On the day, the euro traversed a 1.2638/1.2713 usd US hours range.
Dollar-yen meantime was holding at 118.10 yen, at the upper end of its 117.80/118.20 yen US hours range.
The dollar had held steady in afternoon action but had seen early gains fizzle slightly into mid-morning.
The greenback enjoyed an early lift as morning economic data, particularly the reports from the University of Michigan and the Chicago Purchasing Managers topped expectations, delivering a slightly rosier outlook for the economy than some economic data seen of late.
Earlier in the day, the US reported personal income and spending data that was much in line with expectations, although a closely-watched inflation indicator, the Personal Consumption Expenditure deflator, remained persistently high, a worry for the inflation-watchers at the Fed.
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