Dollar slips from 10-month high, helps yen but intervention watch continues
TOKYO - The dollar pulled further back from a 10-month high against a basket of currencies on Friday on the last trading day of the quarter, giving the yen some breathing room amid intervention concerns.
Markets are looking ahead to the next data points, starting with key U.S. personal consumption data due for release later on Friday. However, a partial government shutdown is looming, which could affect the release of economic data. Richmond Fed President Thomas Barkin joined a slew of Fed officials speaking this week, saying on Thursday it was unclear whether more monetary policy changes will be needed in coming months.
Separate data showed factory output was flat in August compared with July, a sign companies were feeling the pain from soft global demand and weak growth in China's economy.
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