TOKYO, Sept 29 Reuters The dollar pulled further back from a 10month high against a basket of currencies on Friday on the last trading day of the quarter, giving the yen some breathing room amid intervention concerns.
The euro continued its rebound, rising further from a January low of 1.0482, which if broken would be its lowest level since December, as investors eye euro zone inflation data.
The dollar index , which tracks the currency against six other majors, retreated about 0.1 in Asian hours to 106.02 compared with the U.S. close, and further off Wednesday39;s 10month high of 106.84. The currency though remained on track for a second straight month of gains.
U.S. Treasury yields, which had been lending support to the dollar, fell from multiyear highs overnight.
Markets are looking ahead to the next data points, starting with key U.S. personal consumption data due for release later on Friday. However, a partial government shutdown is looming, which could affect the release of economic data.
A lack of data could create a vacuum of uncertainty as the Federal Reserve tries to determine whether another rate increase is needed this year, said Tony Sycamore, market analyst at IG.
When we39;ve got central banks that are data dependent… and they can39;t get that data in a timely fashion, it does, I think, create another reason to move to the sidelines in some of these asset classes, Sycamore said.
Richmond Fed President Thomas Barkin joined a slew of Fed officials…