23.05.201403:36:45UTC+00Dollar glides at 1-week highs vs yen, eases on euro

The US dollar accelerates at one-week highs versus the Japanese and stood ground on the euro on Friday, moving up widely following the US housing and factory activity data gave Treasury yields a little lift.

The dollar index last settled at 80.228 following it inched up 0.2% on Thursday. Versus the Japanese yen, the greenback was at ¥101.79, not far from the overnight high of ¥101.82 and well off a 3 ½ month trough of ¥100.80 reached Wednesday.

The euro alleviated $1.3654 following it endured a 0.2% plunge, within a sight of a three-month low of $1.3634 set Wednesday.

Investors saw an excuse to acquire the dollar following the data showed US home resales climbed in April and the supply of properties on the market touched its highest level in almost two years, promising clues for the housing market.

US Treasury yields ticked up on the figures with the benchmark yield briskly reaching a 1-1/2 week high of 2.57%.

In Europe, polls reflected a slight softening in the strong growth pace in the private sector with France's composite PMI snipping back below the 50 mark after just two months in growth territory.

The composite output price index remained steady at April's eight-month low as firms reduced prices for the 26th month running, an effect that should keep the European Central Bank (ECB) worried about relentlessly low inflation.