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U.S. dollar fluctuates amid thin trading

Xinhua, January 1, 2016 Adjust font size:

The U.S. dollar traded mixed against most major currencies Thursday amid thin trading in holiday season.

Given the considerable improvement in labor market conditions this year and the reasonable confidence that inflation will rise, traders believed that the U.S. central bank will continue the rate hike in 2016.

The dollar index, which measures the greenback against six major peers, was up 0.3 percent at 98.591 in late trading.

In late New York trading, the euro lost to 1.0870 dollars from 1.0924 dollars of the previous session, and the British pound decreased to 1.4740 dollars from 1.4828 dollars. The Australian dollar went up to 0.7288 dollars from 0.7286 dollars.

The dollar bought 120.18 Japanese yen, lower than 120.54 yen of the previous session. The dollar moved up to 1.0019 Swiss francs from 0.9872 Swiss francs, and it moved down to 1.3839 Canadian dollars from 1.3898 Canadian dollars. Endit