U.S. Dollar Little Changed Following Yesterday's Rebound
December 29 2023 - 11:10AM
RTTF2
Following the rebound seen in the previous session, the U.S.
dollar has shown a lack of direction during trading on Friday.
The U.S. dollar index has spent the day bouncing back and forth
across the unchanged line after bouncing off its lowest levels in
five months on Thursday. The index is currently up 0.12 points or
0.1 percent at 101.35.
The greenback is trading at 141.04 yen versus the 141.41 yen it
fetched at the close of New York trading on Thursday. Against the
euro, the dollar is valued at $1.1039 compared to yesterday's
$1.1061.
The choppy trading on the day comes as traders seem reluctant to
make significant moves ahead of the release of some key U.S.
economic data next week.
The Labor Department's monthly jobs report is likely to be in
focus, while traders are also likely to keep an eye on reports on
manufacturing and service sector activity as well as the minutes of
the Federal Reserve meeting.
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