Dollar edges up in Asia
Thursday, 6 December 2007
TOKYO, Dec 5 (AFP): The dollar was higher in Asian trade today with market participants looking for fresh leads, including interest rate decisions and key economic indicators, dealers said.
But they said dollar-selling sentiment remained strong as the market was still struggling to gauge the impact of the troubled US mortgage woes on the US and global market.
The dollar gained to 110.25 yen in Tokyo afternoon trade from 109.71 in New York late Tuesday.
The euro slipped to 1.4757 dollars from 1.4764 but rose to 162.68 yen after 162.12.
"Trading is really thin as players are trying to find fresh material for trade," said deputy general manager of Shinsei Bank.
But they said dollar-selling sentiment remained strong as the market was still struggling to gauge the impact of the troubled US mortgage woes on the US and global market.
The dollar gained to 110.25 yen in Tokyo afternoon trade from 109.71 in New York late Tuesday.
The euro slipped to 1.4757 dollars from 1.4764 but rose to 162.68 yen after 162.12.
"Trading is really thin as players are trying to find fresh material for trade," said deputy general manager of Shinsei Bank.