On Friday, the dollar against major currencies eased a bit while sterling moved up after the new that Prime Minister Theresa May had extended time to resolve how and when Britain exits as of the European Union.
Against chief six currencies, the dollar shed 0.2 percent to trade at 96.314. In the earlier session, the dollar index rose three-quarters of a percent after dropping to over six-week low on Wednesday. It came into effect after the Federal Reserve announced that it had discarded plans to lift up interest rates this year.
On Thursday, European Union leaders gave Theresa May a reprieve of two weeks until April 12, ahead of, Britain could be out of the league if lawmakers reject her Brexit plan for the third time next week. If she wins the vote, Theresa May will enjoy two months, until May 22.
Meanwhile, Sterling advanced slightly to $1.3140 after retracing sharp losses as low as $1.3004. Also, the Japanese yen traded a bit lower at 110.78 against the dollar. The Nikkei 225 dropped 0.2 percent to 21,563.09 in a choppy session on Friday. The Topix index slipped 0.1 percent to trade at 1,612.64.
Banks and insurers that seek higher yields like U.S. bonds toppled. Dai-ichi Life Holdings dropped 2 percent, Mitsubishi UFJ Financial Group shed 0.7 percent, and T&D Holdings slipped 1.8 percent.
Over in South Korea, the Kospi index climbed 0.05 percent to close the session at 2,185.95 points. The index rose as chip giants sustained ahead on vigorous outlook by U.S. chipmaker Micron. Chip giants’ shares like SK Hynix and Samsung Electronics both advanced 1.2 percent.
The Korean won slipped 0.3 percent against the dollar to trade at 1,129.8. Meanwhile, the MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.41 percent.