CURRENCIES: Dollar Rises Slightly Against Yen
September 01 2014 - 12:23PM
Dow Jones News
By Hiroyuki Kachi
The dollar was slightly higher against the yen and the euro,
with many investors shying away from making major moves ahead of
big events later this week such as U.S. jobs data and the European
Central Bank's policy meeting.
At last check, the dollar (USDJPY) was at Yen104.28 compared
with Yen104.08 late Friday in New York. Meanwhile, the euro
(EURUSD) was at $1.3135 from $1.3133. The U.K. pound traded at
$1.6624, from $1.6598.
Market participants were sitting on sidelines due to a lack of
fresh cues and because of the Labor Day holiday Monday in the
U.S.
Also read: U.S. economy is still hitting speed bumps
The WSJ Dollar Index , a measure of the dollar against a basket
of major currencies, was flat at 74.75.
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