Dollar edges higher in range-bound holiday markets

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar crept higher across the board on Friday in a quiet session following the U.S. Thanksgiving holiday, but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the U.S. currency. “Today has all the indicators of another session dominated by USD consolidation in lieu of any major cross-asset drivers,” said Simon Harvey, senior FX analyst at Monex Europe. “Liquidity is quite limited, nothing major being released in other markets,” Harvey said. The euro slipped 0.2% against t…

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