Dollar slightly higher on slow trading day

Story link: Dollar slightly higher on slow trading day

With most European markets still closed for the Easter holiday and little new economic news in the United States, the US dollar was neither gaining nor losing much in Monday morning currency trade. The dollar was unchanged versus the euro, trading at $1.3372. Sterling was 0.2 percent lower versus the greenback at $1.9613,while the dollar added 0.1 percent in relation to the Japanese yen, to ¥119.29.

The next important piece of economic news that could affect the dollar will come on Wednesday, with the release of the minutes from the March meeting of the US Federal Reserve, with any indication that there had been sentiment from some Fed officials to raise interest rates likely to be dollar-positive.