Profit-taking forced the dollar lower in a lackluster trading session.
|||Profit-taking forced the dollar lower on Friday in a lackluster trading session.
The euro firmed to $1.3271 from $1.3196 in New York late on Thursday.
“In the absence of major news, investors are navigating on a very short-term basis,” said Renaud Murail at Barclays Bourse.
“They are taking their profits at the least sign of bad news, then go and buy in certain sectors that are still undervalued.”
The pound rose against the dollar to $1.587 from $1.581.
At 82.645, the yen was virtually flat against the dollar, up just 0.019 of a yen from the day before.
“Currency markets are in a back-and-forth mode, with movements in the US dollar against most major and emerging currencies somewhat out of line with the news flow,” said Vassili Serebriakov, a currency strategist at Wells Fargo Bank.
“The euro staged a surprise rally after yesterday's data-driven sell-off but struggled to break decisively above this week's high.
“It is hard to find a clear catalyst for euro gains today.” - Sapa-AFP
Source: http://www.iol.co.za/us-dollar-slides-on-profit-taking-1.1263163
Norway Peter Crouch The X Factor Economic policy Cheltenham festival Internet
Walang komento:
Mag-post ng isang Komento