· The dollar set an eight-week low against the yen on Friday as escalating tensions between the United States and North Korea triggered yet more investor flight to safety.
The dollar slipped to as low as 109.11 yen JPY= in early Asian trade on Friday, its lowest level since June 14, when the greenback had fallen to as low as 108.81 yen.
The dollar eased slightly against a basket of major currencies .DXY to 93.356.
The euro eased 0.1 percent to $1.1766 EUR=, staying below a high of around $1.1910 set last week, the euro's strongest level in 2-1/2 years.
· Inflation is not likely to reach the Federal Reserve’s 2% annual target this year even if monthly data begins to pick up as expected, said William Dudley, president of the New York Fed, on Thursday.
· U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate hike.
· President Donald Trump warned North Korea again on Thursday not to strike Guam or U.S. allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough.
· Oil prices fell more than 1.5 percent on Thursday, as a bruising day on Wall Street bolstered fears of slowing demand amid lingering concerns over a global oversupply of crude.
U.S. West Texas Intermediate crude CLc1 settled down 97 cents or 1.96 percent to $48.59 a barrel. Brent crude futures LCOc1 were down 80 cents or 1.52 percent to $51.90 a barrel.
Reference: Reuters, Market Watch
Thai
Eng