Dollar Loses Thursday's Gains
MARKETSCOPE : The dollar edged lower early Friday, after having rebounded on Thursday.
The dollar index was off 0.09 to 89.86 as investors braced for a report on the third quarter U.S. current account, which had been $195.7 billion in the second quarter.
The euro was up at 119.90. News hit that the December German Ifo confidence index rose to a 5-1/2 year high of 99.6 from November's 97.8. The sterling was up at the $1.7702 level.
The dollar was unchanged against the yen at 116.24, after the Bank of Japan left its monetary policy unchanged as expected. Investors continued speculating about what the BOJ will do to interest rates during 2006. A break from the BOJ's current anti-deflation policy would strengthen the yen.