The U.S. dollar traded mixed against major currencies in late New York trading on Monday as the Fed's new measure to bolster the economy might be taken gradually.
The market was certain that the Fed would carry out second round monetary easing policy, after Federal Reserve Chairman Ben Bernanke, gave hints in his speech on Friday, but the questions left were when the Fed would actually take action and the scale of the new policy.
Most investors expected the Fed would take a gradual move to pour dollars into the market, and the amount would be much less than the first quantitative easing policy.
Data from the U.S. Commodity Futures Trading Commission showed speculators trimmed bets against the dollar in the latest week, which would partly explain the dollar's rebound against major currencies in Monday's early trading session.
The euro traded 1.3998 dollars in late New York trading Monday, compared with 1.3963 on previous trading day.
The dollar against yen slid slightly to 81.21 on Monday from 81. 43 on Friday, as investors speculate the Japanese government would not intervene to stir yen's appreciation before Group of 20 finance ministers' meeting in South Korea from Oct. 22.
In late Monday trading, the British pound fell to 1.5936 dollars from 1.5985. The dollar dropped from 0.9598 to 0.9571 against Swiss francs, but rose to 1.0145 Canadian dollars from 1. 0133.
The market was certain that the Fed would carry out second round monetary easing policy, after Federal Reserve Chairman Ben Bernanke, gave hints in his speech on Friday, but the questions left were when the Fed would actually take action and the scale of the new policy.
Most investors expected the Fed would take a gradual move to pour dollars into the market, and the amount would be much less than the first quantitative easing policy.
Data from the U.S. Commodity Futures Trading Commission showed speculators trimmed bets against the dollar in the latest week, which would partly explain the dollar's rebound against major currencies in Monday's early trading session.
The euro traded 1.3998 dollars in late New York trading Monday, compared with 1.3963 on previous trading day.
The dollar against yen slid slightly to 81.21 on Monday from 81. 43 on Friday, as investors speculate the Japanese government would not intervene to stir yen's appreciation before Group of 20 finance ministers' meeting in South Korea from Oct. 22.
In late Monday trading, the British pound fell to 1.5936 dollars from 1.5985. The dollar dropped from 0.9598 to 0.9571 against Swiss francs, but rose to 1.0145 Canadian dollars from 1. 0133.
