Dollar firms in soft holiday trading, outlook bullish

Published by
Reuters UK

By Alun John HONG KONG (Reuters) – The dollar inched up on Wednesday as a recent rally in shares showed signs of petering out, but holiday-thinned trading meant markets were showing little real direction. The dollar index, which measures the greenback against major peers rose as high as 96.240 during the session versus Monday’s close of 96.068, moving up against most other majors after the euro lost 0.14% on Tuesday. The common currency was last at $1.1305 and the pound slipped from a five-week high to $1.3433. But with many traders having taken time off for Christmas or the end of the year, a…

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