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Euro slips against U.S. dollar and yen in Asia

currencies

Euro slips against U.S. dollar and yen in Asia

The euro fell against the U.S. dollar and the yen in Asia on Friday, with trading thinned by the Easter holidays ahead of key U.S. jobs data due later in the day, dealers said.
The euro was quoted at US$1.3568 in Tokyo afternoon trade, down from US$1.3582 in New York late Thursday. The European single currency fell to 127.23 yen from 127.47.
The dollar slipped to 93.75 yen from 93.89.
"Because of the Easter holidays, trade is not very active," said Masato Otsubo, a trader at Resona Bank. "Investors are also cautious ahead of the U.S. payrolls data."
Factors influencing the currency rates were the repatriation of profits by Japanese exporters at the beginning of the new fiscal year and traders taking advantage of the yen's multi-month lows overnight, said Otsubo.
In the longer term, the relative weakness of the yen is likely to continue "on a strong U.S. economic outlook and higher U.S. interest rates," Barclays Capital said in a note to clients.
Against other Asian currencies, the dollar gained to 32.36 Thai baht from 32.32 the previous day, to 9,070.00 Indonesian rupiah from 9,065.00, and to NT$31.83 from NT$31.73.
It fell to 1.3965 Singapore dollars from 1.3976, to 1,123.60 South Korean won from 1,126.30, and to 45.07 Philippine pesos from 45.31.