15 April 2005, 17:42  Dollar gains after solid net inflows to US assets in Feb

The dollar gained on Friday, after a report showed net inflows to U.S. assets in February were more than enough to offset the country's monthly trade deficit.
Net purchases of U.S. assets were $84.5 billion in February, more than analysts rough forecasts for $65 billion and down from a revised $92.5 billion net inflow in January.
The euro fell to 1.2865 according to Reuters data from around $1.2880 shortly before the flows report, though it was still up about 0.4 percent from levels late on Thursday in New York.
Against the yen the dollar rose to 108.16 yen, from around 107.97 yen shortly before the report, though it was little changed from the prior session.
The trade deficit, which hit a record $61.04 billion in February, has been a persistent weight on the dollar, and a key factor in the currency's decline over about the past three years.

© 1999-2024 Forex EuroClub
All rights reserved