Activity was particularly light ahead of a 10 a.m., Eastern, speech from Federal Reserve Chairman Alan Greenspan.
The Fed chief could offer more insight on the future course of U.S. interest-rate policy. At least two more hikes to the Fed's 3.5% target are expected for this year. From there, financial markets are less certain.
Higher interest rates would make the dollar more attractive to foreign investors, although some gain in interest rates has been long priced into dollar trading, analysts stress. The dollar has been unable to gain much traction from upbeat U.S. economic data. There were no U.S. reports due Friday.。 |