By Kyle Peterson, BridgeNews
Chicago--Feb. 6
The dollar was slightly higher versus the major currencies overnight after touching a one-month low of 114.35 yen, largely on early Japanese repatriation of yen ahead of the Mar. 31 fiscal year end. The dollar recovered some losses on short-covering. The euro was down against the dollar, slipping to a one-week low of 93.12 cents around the U.S. open.
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Dollar/Swiss franc mirrored euro/dollar to an eight-day high of 1.6520, while the sterling/dollar broke out of Friday's range to hit a one-week low of $1.4645. Meanwhile, dollar/Canada rallied to a 12-day high of 1.5117.
The U.S. economic agenda is desolate. U.S. traders are likely to search for reasons to buy dollar/yen and sell euro/dollar a little more.