Traders: Dollar and Trading

traders: The euro was at 1.1229-1230, up from 1.1225-1226, and at 123.11-12, down from 123.21-22. ; The dollar eased to levels below 109.70 in early trading following a drop in U.S. stock index futures in off-hours trading, traders said, according to The Japan Times. The greenback briefly fell below 109.60 after a weak start of the Nikkei 225 stock average. At 5 p.m., the dollar stood at 109.64-64, down from 109.76-76 at the same time Friday. But the dollar rose above 109.70 in midmorning trading thanks to buying by Japanese importers, traders said. The U.S. currency fluctuated mostly around 109.70-80 in the afternoon amid a dearth of fresh trading incentives, traders said. A pause in Tokyo stock falls also triggered dollar buybacks, an official of a foreign exchange margin trading service firm said. ( As reported in the news.

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