Dollar supported after upbeat US data, pound steadies


Against the yen, the dollar was traded at 109.47 yen, up 0.04% from late U.S. levels, not far from six-month high of 109.73 touched earlier this month.

TOKYO: The dollar held firm at start of holiday-thinned week on Monday after U.S. data pointed to solid economic growth while the British pound found some stability after having suffered its biggest weekly fall in three years.

A batch of economic data published on Friday showed the U.S. economy, already in its longest expansion in history, appears to have maintained the moderate pace of growth as the year ended, supported by a strong labour market.

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