Dollar Consolidates Amid Thin Holiday Liquidity
A gauge of the dollar edged up slightly, but was largely steady in lackluster trade before the Christmas holiday.
The Bloomberg Dollar Spot Index was nearly flat after gaining a mere 0.1% earlier Tuesday. Aussie dollar eased 0.2% to 0.6238 after minutes of the RBA’s December meeting showed the central bank is more confident in inflation moving sustainably toward target. This follows IMF’s warning that Australia’s balance of risks is tilted to the downside.
USD/JPY steady at 157.13
Japan’s government will take appropriate steps if there are excessive currency movements, according to Finance Minister Katsunobu Kato.
Yield on 2-year Treasuries was down 1 basis point at 4.34%.
NZD/USD slipped 0.1% to 0.5646. EUR/USD edged down 0.1% to 1.0395.
Source: Bloomberg