Dollar, euro flat amid quiet holiday trade | Inquirer Business
Close  

Dollar, euro flat amid quiet holiday trade

/ 09:47 AM December 27, 2011

TOKYO – The dollar stayed nearly unchanged in lacklustre holiday trade Tuesday, as Asian investors waited for their Western counterparts to return from the Christmas holiday.

The forex market was quiet with the dollar standing at 77.96 yen, basically unchanged from 77.99 yen in Tokyo Monday, when players in New York and London were away.

ADVERTISEMENT

The London Stock Exchange will remain closed on Tuesday.

The euro was also flat at $1.3057 and 101.82 yen, compared with $1.3059 and 101.88 yen in Tokyo.

FEATURED STORIES

Investors are awaiting the release later in the day of the Case-Shiller home price index in the United States to set the tone of New York shares, said a senior dealer at a major bank in Tokyo.

“Usually after the year-end holiday season, US shares rise,” he told Dow Jones Newswires.

“If that is the case this year as well, then the euro will rise against the dollar and yen,” he said.

Subscribe to our business newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: currency, Forex, holidays, Market and Exchanges
For feedback, complaints, or inquiries, contact us.

Subscribe to our business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.