Dollar steady against most majors in holiday-lulled trading
By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar was little-changed against the euro in holiday-thinned trading on Tuesday, ahead of the Christmas holiday, while the British pound snapped a five-day streak of losses against the U.S. currency
By Saqib Iqbal Ahmed
NEW YORK (Reuters) - The dollar was little-changed against the euro in holiday-thinned trading on Tuesday, ahead of the Christmas holiday, while the British pound snapped a five-day streak of losses against the U.S. currency.
Against the dollar, the euro was 0.02% lower.
"The holiday has already shut several markets, and those that are open are lightly traded," Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said in a note.
"The U.S. dollar is showing a firmer profile against most of the major currencies," Chandler said.
The dollar index <.DXY>, which measures the greenback against six other major currencies, was up 0.02% at 97.674.
The dollar, up about 1.6% for the year as measured by the dollar index, has broadly benefited during bouts of risk aversion and when markets have rallied, because the U.S. economy is outperforming other parts of the world.
However, a recent cooling of trade-related tensions between the United States and China, following an interim trade agreement earlier this month, has led investors to favor trade-sensitive currencies over the greenback.
The Australian dollar, unchanged on the day against the dollar, remained close to a five-month high against the greenback.
The Aussie tends to do well when optimism grows over global trade and China's economy.
China's yuan edged slightly higher on the day after Premier Li Keqiang said the government was considering more measures to lower corporate financing costs and hinted at "targeted" cuts in banks' reserve requirement ratio. The offshore yuan last traded at 7.0026
The Canadian dollar
Sterling, which has fallen against the dollar for five straight days, as its post-election rally floundered amid growing anxiety around the possibility of a hard and chaotic Brexit in the coming months, steadied on Tuesday.
Sterling was up 0.2% at $1.2959. The pound, which surged after Boris Johnson's Conservative Party won a majority in the UK general election on Dec. 12, has given up all those gains and some more.
"We suspect that the bulls have pared their positions amid the buy the rumor sell the fact activity since the election," Bannockburn's Chandler said.
(Reporting by Saqib Iqbal Ahmed; Editing by Andrea Ricci and Steve Orlofsky)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
DAKAR (Reuters) - More than 20 people, including children, were killed in an airstrike during a wedding ceremony in central Mali on Sunday, a health worker with knowledge of the attack told Reuters. (Reporting By Edward McAllister; Editing by Aaron Ross)
By Estelle Shirbon and Natalie Thomas LONDON (Reuters) - Britain began its third COVID-19 lockdown on Tuesday with the government calling for one last major national effort to defeat the spread of a virus that has infected an estimated one in 50 citizens before mass vaccinations turn the tide. Finance minister Rishi Sunak announced a new package of business grants worth 4.6 billion pounds ($6.2 billion) to help keep people in jobs and firms afloat until measures are relaxed gradually, at the earliest from mid-February but likely later
By Dominique Vidalon and Sudip Kar-Gupta PARIS (Reuters) - France is stepping up its COVID-19 vaccine rollout by widening the first target group to include more health workers and simplifying a cumbersome process to deliver shots more quickly, Health Minister Olivier Veran said on Tuesday. France's inoculation campaign got off to a slow start, hampered in part by red tape and President Emmanuel Macron's decision to tread warily in one of the world's most vaccine-sceptical countries. France has fallen behind neighbours such as Britain and Germany, and the president is now demanding the vaccination programme be expedited