Friday, 3 July 2009

CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday

CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday

By Lisa Twaronite

The dollar edged higher against its major counterparts in Asian trading Friday, in thin trading ahead of a U.S. market holiday.

The Japanese yen "pulled back from its Asian session highs amid reports of bargain hunting in the crosses following reserve management interest," said currency strategists at Action Economics.

U.S. markets will be closed for Independence Day.

The dollar traded at 95.99 yen, up from 95.88 yen in late North American trading Thursday.

The euro bought $1.4017, down from $1.4027 late Thursday.

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(END) Dow Jones Newswires

July 03, 2009 03:48 ET (07:48 GMT)


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