IN BRIEF : Dollar Mixed in Light Europe Trading
The dollar was mixed in thin European trading today, the first trading day since Christmas. Gold prices rose in Zurich.
All financial markets in London were closed for a post-Christmas holiday. Dealers said most trading rooms in other European countries were lightly staffed today, with many traders on vacation through New Year’s.
Dealers said they expect the dollar to remain at the present level until the end of the year.
The release of the U.S. index of leading economic indicators for November on Friday may have an impact on trading, but will come too late to affect the European market, dealers said.
In Tokyo, where trading ends before Europe’s business day begins, the dollar rose 0.08 yen from Monday’s close to end the day at 124.80. Later, in Europe, it was quoted at the same rate.