Dollar slips in quiet trade
Dollar fell against other major currencies over no big economic news for guidance.
NEW YORK CITY (AFP) - The dollar drifted lower against other major currencies Friday in quiet trade, with no big economic news for guidance.
Around 2200 GMT, the euro bought $1.3142, up from $1.3112 Thursday.
The dollar was virtually unchanged against the Japanese currency at 100.50 yen.
The euro rose to 132.08 yen from 131.77 yen.
"A thoroughly uneventful day in forex as traders were clearly more concerned with the sweltering temperature outside their offices rather than the lackluster price action on their screens," said Boris Schlossberg of BK Asset Management.
"With the dog days of summer fully upon us, the economic calendar offered no support as the data docket was essentially barren."
Analysts said the market was looking ahead to the Japanese upper house elections this weekend, with Prime Minister Shinzo Abe's ruling coalition widely expected to win.
The national polls Sunday will elect half of Japan's 242-member upper chamber of parliament. A solid showing would give Abe the legislative muscle to press on with an economy-boosting plan that could include some unpopular reforms.
An Abe victory has been mostly priced into the dollar/yen trade, said Christopher Vecchio, currency analyst at DailyFX.
"While that might mean any further upside in the pair is limited, the quicker round two of Abenomics arrives, the greater the chance of a weaker yen," he said.
The dollar weakened against the Swiss currency, trading at 0.9409 franc compared with 0.9447 Thursday.
The pound bought $1.5264, up from $1.5228.
