Dollar Little Changed In Quiet Dealing Monday

July 21, 2014

Washington (July 21)  The dollar was virtually unchanged against major rivals on Monday amid a lack of catalysts.

On a day shy of first-tier economic data, traders were keeping an eye on the potentially explosive situation in  Ukraine  following Thursday's fatal crash of a  Malaysia Airlines  passenger plane.

In the meantime, markets away a host of US economic data later in the week.

Geopolitical tensions including renewed fighting in  Gaza  helped the safe haven dollar steady against both of its European counterparts.

The dollar was stuck at  USD1.3520  , unable to break through to a new 5-month high.

Analysts say another round of disappointing euro zone economic news will cement expectation for further easing from the  European Central Bank  .

The buck was stable at  USD1.7020  versus the sterling, having recently hit a 6-year low near  USD1.72  .

There was little movement versus the yen on a national holiday in  Japan  . The pair held at  Y101.40  in the middle of stubborn trading range.

The kiwi was steady after steep recent losses, with traders looking ahead to an interest rate call from the  New Zealand  central bank on Thursday.

 New Zealand  policy makers are expected to announce a modest rate hike.

Sorce: Alliance News

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