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Shares in Asia edge higher after U.S. data have consistently put the economy into positive, while the dollar remained defensive against other major currencies.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent to a session high of two-week. The index was confident, as a 2.2 percent increase was seen this week.  

The Nikkei 225 surge 0.4 percent, bolster by forecasts of Tokyo postponing a sales tax increase, backing to reach gains of 1.5 percent for the week.

Meanwhile, the indices of China CSI300 declined by 0.6 percent, while the Shanghai Composite dropped by about 0.3 percent, both had losses of 0.1 percent for the week.    

The Hong Kong Hang Seng index plunged 0.3 percent, but has seen earlier gains of 2.4 percent for the week.

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The Dow Jones Industrial Average edge lower by 0.1 percent, while the S&P 500 remained flat overnight  after it gained for two days, led by increasing utilities which offset slumps in materials, banks and other cyclical industries.  

It was shown a strong U.S. data on durable goods orders, including the pending home sales and initial jobless claims, while a weak manufacturing survey was noted in capital good orders and the Kansas City Fed.

U.S. Data Signals   

An analyst at IG Bernard Aw said, "The markets have been attentive to clues on U.S. economic conditions. Positive data will signal that conditions may be ripe for a rate hike as soon as in the June Federal Open Market Committee (meeting)."

"Market participants will be hyper-sensitive to U.S. data, with next weeks inflation data and employment data to be scrutinized," he said.

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Subsequently, the dollar increased 0.2 percent, hitting 109.92 yen after posting earlier losses of 0.4 percent. It remained on track for a decline of 0.2 percent for the week.      

The euro remained in an uptick at $1.1183 following 0.3 percent gains on Thursday. However, it settled at 0.4 percent losses for the week.

The dollar index was almost steady at 95.236 after it has seen a 0.3 percent decline, which was dragged from a two-month high of 95.661 climbed on Wednesday. Its weekly losses posted 0.1 percent, but has witnessed a 2.3 percent increased for this month.     

The dollar edge higher earlier in the week on rising concerns over the Federal Reserve anticipated rate hike for June or July, backed by a thread of comments from Fed policymakers, which is likely to support such a move.

Conversely, the financial markets awaits to the revisions of U.S. first quarter GDP data, as well as statements from Fed Chair Janet Yellen on Friday. 

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