(New throughout, updates prices, market activity and comments
to U.S. market open, new byline, changes dateline, previous
LONDON)
By Karen Brettell
NEW YORK, Jan 17 (Reuters) - The safe-haven Japanese yen
weakened on Friday as record high stocks showed stronger risk
appetite, while the greenback gained against the euro after data
on Thursday showed solid U.S. economic momentum.
U.S. stock indexes were driven higher by optimism over
corporate earnings, upbeat economic data and indications of
resilience in China's economy. .N
Data on Friday showed that China's economy ended the year on
a firmer note, even as economic growth cooled to its weakest in
nearly 30 years. "December data signaled a strong finish for the Chinese
economy and that suggests the Chinese economy may be primed for
a rebound in 2020," said Lee Hardman, a currency strategist at
MUFG in London.
The yen rose as high as 110.28, the highest since May,
before falling back to 110.10.
The offshore Chinese yuan CNH= also strengthened as far as
6.8567, the strongest since July.
The dollar continued to gain against the euro, after being
buoyed on Thursday by data showing that U.S. retail sales
increased for a third straight month in December.
A gauge of manufacturing activity in the U.S. Mid-Atlantic
region also rebounded in January to its highest level in eight
months. Data on Friday showed that U.S. manufacturing output rose
unexpectedly in December, though industrial production fell.
The euro was last down 0.32% at $1.1099.
========================================================
Currency bid prices at 9:54AM (1454 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1099 $1.1135 -0.32% -0.99% +1.1142 +1.1096
Dollar/Yen JPY= 110.1000 110.1400 -0.04% +1.14% +110.2800 +110.1000
Euro/Yen EURJPY= 122.20 122.67 -0.38% +0.21% +122.8300 +122.2200
Dollar/Swiss CHF= 0.9680 0.9644 +0.37% +0.02% +0.9689 +0.9646
Sterling/Dollar GBP= 1.3029 1.3076 -0.36% -1.73% +1.3117 +1.3028
Dollar/Canadian CAD= 1.3054 1.3040 +0.11% +0.52% +1.3058 +1.3034
Australian/Doll AUD= 0.6886 0.6898 -0.17% -1.92% +0.6911 +0.6884
Euro/Swiss EURCHF= 1.0745 1.0743 +0.02% -0.99% +1.0757 +1.0736
Euro/Sterling EURGBP= 0.8517 0.8513 +0.05% +0.75% +0.8531 +0.8488
NZ NZD= 0.6621 0.6638 -0.26% -1.74% +0.6650 +0.6616
Dollar/Dollar
Dollar/Norway NOK= 8.9022 8.8859 +0.18% +1.41% +8.9119 +8.8825
Euro/Norway EURNOK= 9.8814 9.8942 -0.13% +0.44% +9.9035 +9.8843
Dollar/Sweden SEK= 9.5041 9.4873 -0.19% +1.68% +9.5056 +9.4817
Euro/Sweden EURSEK= 10.5491 10.5695 -0.19% +0.76% +10.5767 +10.5380