AFP, Tokyo :
The dollar held steady in slow Asian trade on Monday, underpinned by expectations that US Federal Reserve will raise interest rates before other central banks.
The greenback was at 119.39 yen in Tokyo, compared with 119.43 yen in New York on Friday.
The euro bought $1.2244 and 146.22 yen against $1.2227 and 146.06 yen in US trade. “US dollar strength remains a key theme, with broad gains against most currencies,” National Australia Bank said in a note.
Wrapping up a policy meeting last week the US Federal Reserve kept interest rates low and said it would be “patient in beginning to normalise the stance of monetary policy”.
The dollar held steady in slow Asian trade on Monday, underpinned by expectations that US Federal Reserve will raise interest rates before other central banks.
The greenback was at 119.39 yen in Tokyo, compared with 119.43 yen in New York on Friday.
The euro bought $1.2244 and 146.22 yen against $1.2227 and 146.06 yen in US trade. “US dollar strength remains a key theme, with broad gains against most currencies,” National Australia Bank said in a note.
Wrapping up a policy meeting last week the US Federal Reserve kept interest rates low and said it would be “patient in beginning to normalise the stance of monetary policy”.
