Dollar trades in tight ranges after Beige Book

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Dollar trades in tight ranges after Beige Book

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Dollar traded in tight ranges against other major currencies after reports that US economy improved.

11 October,2012 05:16 am

The dollar traded in tight ranges against other major currencies Wednesday after a Federal Reserve survey said that the economy improved in most parts of the country.The report, known as the Beige Book, said that growth improved in 10 of the Feds 12 regional banking districts from mid-August through September. Rising home sales helped lift home prices in most districts and auto sales rose in most parts of the country.The euro rose to $1.2897 in late trading Wednesday from $1.2880 late Tuesday. The British pound rose to $1.6008 from $1.6004.The dollar fell to 78.19 Japanese yen from 78.22 yen and to 0.9385 Swiss franc from 0.9404 Swiss franc.The dollar rose to 98.08 Canadian cents from 97.76 Canadian cents.