Profit taking dampened a dollar surge against the yen - GEPL Capital
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News / Other data
* Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
* Iran's troubled currency fell to a record low against the U.S. dollar on Saturday amid the country's increasing isolation and possible Europe Union sanctions against Tehran's Revolutionary Guards or some of its members.
* Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain since early December, as the Japanese currency remained on the defensive after the Bank of Japan governor repeated that the central bank will maintain its ultra-loose monetary policy.
* The U.S. dollar edged lower in early European trade Friday, remaining around seven-month lows amid concerns of a U.S. economic slowdown, while sterling retreated after weak retail sales data.
* Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year.
* Venezuela's down-at-the-heel bolivar currency fell to 20 per dollar, according to official data for Wednesday, complicating attempts by the government of President Nicolas Maduro to control inflation. The bolivar has depreciated 14% this month, said analysts, who have estimated that the economy could return to hyperinflation this year amid incipient economic growth.
Data inference
* No Major Event
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