Dollar Slips as Traders Weigh China Outlook; Sterling Gains
SINGAPORE/LONDON—The dollar slipped on Thursday after rising in the previous session, with investors on edge at the end of the year as initial optimism over China’s reopening fizzled.
The yen was last 0.56 percent higher at 133.72 against the dollar. That followed a 0.73 percent fall on Wednesday which saw the yen hit a one-week low of 134.50.
The euro also edged higher, rising 0.25 percent to $1.064, after falling 0.27 percent on Wednesday.
Sterling rose 0.05 percent to $1.202, after slipping 0.11 percent the previous day. It climbed as high as $1.206 earlier in the session but gave up some of its gains.
Analysts warned against reading too much into price moves amid low trading volumes as markets head into the new year….