Dollar rally fizzles in Asia

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AFP, Tokyo :
The dollar edged down against the yen in Asia on Friday after rallying on good economic data, with a first confirmed Ebola case in New York impacting risk appetite.
The dollar was at 107.94 yen in Tokyo midday trade, down from 108.27 yen in New York Thursday afternoon though still above 107.24 yen in Tokyo earlier Thursday.
The euro bought 136.65 yen, down from 136.93 yen in New York, while inching up to $1.2657 from $1.2647.
The safe-haven yen lost ground Thursday with risk sentiment lifted by encouraging Chinese manufacturing data, solid readings for eurozone business activity and good US jobs data.
The dollar rose into the 108-yen range but the rally fizzed a little in Asia on Friday.
“It was all going so very well, until red headlines (early Asian time) hit the screens saying that a patient was being tested at Bellevue hospital in NYC for suspected Ebola,” National Australia Bank said.

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