Dollar and Trading

u.s: The euro was at 1.1050-1050, slightly down from 1.1051-1051, and at 119.27-28, down from 119.41-42. ; After moving around 107.90 in the morning, the dollar continued to fluctuate within a narrow range between 107.80 and 107.90 until the late afternoon, according to The Japan Times. While the greenback temporarily dropped to around 107.70 in late trading, buying on dips pushed up the U.S. currency back to around 107.90. At 5 p.m., the dollar stood at 107.92-93, down from 108.04-04 at the same time on Thursday. On the sluggish trading, an official at a foreign exchange margin trading service firm said that the dollar appeared to be in a lull after the end of policy-setting meetings by the European Central Bank, the U.S. Federal Reserve and the Bank of Japan. Meanwhile, the United States and China kicked off high-level trade talks Thursday. Market players are now expected to focus on speeches delivered by members of the Fed's Federal Open Market Committee to forecast future interest rate cuts by the Fed. (news.financializer.com). As reported in the news.