US dollar posted some gains on Thursday amid slacker sterling affected by the weak retail report.
The US Dollar index reached some 89,40 today.
US dollar to yen exchange rate went up to 107.41. The greenback has been depressed by trade tensions lately. Investors, in their turn, choose Japanese yen for investing as a safe haven when seeing political or economic instability.
According to the news reports, the US President and Japanese Prime Minister held a meeting in Florida this week. As a result, the parties agreed to enhance trade consultations. Specifically, Donald Trump intends to sign the bilateral trade agreement with Tokyo and is ready to revise import duties on steel and aluminum in case of positive determination.
The sterling against the US dollar went down on the March retail report in the UK, though by now the rate improved to 1.4236 by now. For reference, the retail sales figures decreased by 1.2% in March, compared to the February rise by 0.8%.
The report pushed sterling down, as the below-expectations results left in doubt further monetary policy of BOE.
The European currency rose to some 1.2380.