Friday 12 August 2016

Dollar steadies, looks to oil prices, data for clues on direction

The dollar was flat against the yen and the euro during Asian trade Friday, given fewer market players in Tokyo due to Japanese traditional summer holiday season.

The greenback USDJPY, +0.07%  was changing hands at ¥102.01 after hitting as high as ¥102.21 in the mid-morning trade. That compared with ¥101.96 late Thursday in New York.

The euro EURUSD, -0.0090%  was also trading at $1.1139 midday, almost unchanged from late Thursday.

The WSJ Dollar Index BUXX, +0.05% a measure of the dollar against a basket of major currencies, was up 0.01% at 86.45.

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