The dollar was narrowly mixed in quiet dealing Monday, with the dollar index continuing its move back toward 4-year highs seen earlier in the month.
Analysts say the buck is back fashion amid expectations the Federal Reserve will raise interest rates just as other central banks in Europe and Asia commit to further stimulus.
The dollar was stuck near $1.2240 versus the euro, unable to extend Friday’s 2-year peak near $1.22.
Choppy dealing left the buck near $1.56 versus sterling, holding onto last week’s gains.
Early gains took the dollar to Y119.90 versus the yen, not far from December’s 7-year peak of Y122.
The National Association of Realtors released a report on Monday showing that existing home sales pulled back by much more than expected in the month of November.
NAR said existing home sales tumbled 6.1 percent to a seasonally adjusted annual rate of 4.93 million in November after climbing 1.4 percent to 5.25 million in October. Economists had expected existing home sales to edge down to 5.20 million.
The material has been provided by InstaForex Company – www.instaforex.com