24 November 2003, 10:45  Dollar steady in Europe ahead of US data flurry

LONDON, Nov 24 - The dollar held steady within a cent of last week's record low against the euro and three-year trough on the yen on Monday ahead of key U.S. data which would give more clues about the shape of the U.S. recovery. The second estimate of U.S. third-quarter growth, November consumer confidence, jobless claims, November Chicago Purchasing Managers' Index and the Federal Reserve's Beige Book are due in the front end of the week before the U.S. Thanksgiving public holiday on Thursday.
Trading in Asia was quiet due to a holiday in Japan. By 0733 GMT the dollar stood at $1.0910 per euro having fallen to the all-time low of $1.1978 last week. Against the yen it was trading at 108.87 , more than a yen above last week's three-year low of 107.51. Geopolitical concerns, the risk of further trade friction and persistent worries about the growing U.S. current account deficit have weighed on the dollar in recent sessions.||

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