Trading in currency markets on Friday may be subdued before the U.S. holiday, but analysts say sentiment favours more gains in the dollar as investors turn cautious.
TOKYO: The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the Covid-19 coronavirus in the United States discouraged some investors from taking on excessive risk.
The yuan was stable in offshore trade before data on China's services sector, but investors may avoid taking big positions due to worries about diplomatic friction between Washington and Beijing over civil liberties in Hong Kong.
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