Time Friday: Dollar and Trading

time friday: The euro was at 1.1809-1810, down from 1.1881-1882, and at 130.83-83, up from 130.80-80. ; The dollar attracted buying in early trading, carrying over its strength from overseas trading Friday, in which the greenback briefly topped 111 after the employment report showed improvements in the number of nonfarm payrolls, the jobless rate and average hourly earnings, according to The Japan Times. The dollar firmed on growing hopes for another interest rate hike by the U.S. Federal Reserve by the end of this year, an official at a foreign exchange margin trading service firm said. At 5 p.m., the dollar stood at 110.77-79, up from 110.08-08 at the same time Friday. After topping 110.80 in early trading in Tokyo, however, the dollar lost steam, pressured by position-adjustment selling, market sources said. Players retreated to the sidelines to wait for U.S. economic indicators to be released later this week, including the consumer price index, market sources said. The U.S. currency was stuck in a narrow range around 110.70-80 in the late afternoon in the absence of fresh trading incentives. (news.financializer.com). As reported in the news.

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