Dollar, yen steady as market hesitates on direction
Editor | Jul 10, 2009 | Comments 0
* Dollar steady after steep losses following jobless claims * Cross/yen mixed as market pauses after rebound from lows By Charlotte Cooper TOKYO, July 10 (Reuters) – The yen remained on the back foot on Friday after retreating from sharp gains earlier in the week, and the dollar held steady after a steep pullback following fewer than expected U.S. initial jobless claims. The euro rebounded more than 1 percent against the greenback on Thursday, and sterling jumped 1.7 percent after the Bank of England opted not to expand its asset buying programme, surprising many who had forecast that it would. The yen had gained broadly earlier in the week, hitting a five-month high against the dollar, as a…
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