MANILA (XFN-ASIA) - The US dollar was slightly higher vs the yen in late trade here, though in light volumes because of holidays in key financial centers, dealers said.
They said the greenback is likely to continue moving in a narrow range until fresh leads emerge from the US and Europe.
At 4.45 pm (0545 GMT) the dollar was at 118.75 usd from 118.70 in early afternoon trade here while the euro was at 1.3234 usd from 1.3240.
'There has been no catalyst, no data and everyone is still coming off holidays so there hasn't been much to move markets,' State Street Global Markets head of research and analysis Harvinder Kalirai said.
Kalirai said tonight's release of the Institute of Supply Management's December US manufacturing survey is the next potential market mover but trading will continue to be affected by US financial markets being closed in honor of former President Gerald Ford (nyse: F - news - people ) who died last week.
No comments:
Post a Comment