///www.ananova.com//The dollar was higher in subdued early trade amid indications that Wall Street will open higher today, dealers said. But trading was sparse with London closed for a public holiday, they added.
"Looking at the US stock market futures, Wall Street will open higher. This has been supportive for the dollar," said Sabrina Jacobs, currency strategist at Dresdner Bank. But all is quiet and the various crosses are likely to stay rangebound for the rest of the day, she added.
Data flow is also thin with only second tier US data scheduled for today, she said, adding that US home sales figures are unlikely to provide the market much impetus.
"The market is not going to be focusing on the data," she said.
As the week unfolds, the flurry of US data will set the pace for currency market movements. US durable goods and consumer confidence numbers will be key, she added.
For today, the sparse activity may well exaggerate moves, Jacobs noted.Sterling was also lower against the dollar but the Nikkei's rise lent some support to the yen pushing it higher against most majors."But it is still dollar story," Jacobs said.
London 9.38 am Tokyo 1.45 pm

Dollar
yen 119.86 up from 119.56
sfr 1.5175 up from 1.5157
Euro
usd 0.9696 down from 0.9713
stg 0.6379 down from 0.6385
yen 116.21 up from 116.12
sfr 1.4709 down from 1.4722