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December 11, 2005 Sunday Ziqa’ad 8, 1426


Dollar slightly firm


NEW YORK, Dec 10: The dollar firmed slightly on Friday as market participants positioned for next week’s interest rate decision and a possible signal that the US rate hiking cycle may be nearing an end.

The euro dipped to 1.1807 dollars from 1.1818 dollars late on Thursday in New York.

The dollar rose to 120.99 yen from 120.33 yen on Thursday.

The greenback stabilized on back of a gain in a measure of US consumer sentiment and another report showing tight wholesale inventories relative to sales.—AFP



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