Markets uncertain of future direction of dollar

UNCERTAINTY about the future direction of the US dollar has entered the market in the past few days leading to fluctuations in the greenback’s value.

Across markets yesterday the dollar steadied after a period of rapid fluctuation, with analysts putting this down to profit taking by investors.

The single European currency was trading at $1.3308 in London yesterday, marginally down from 1.3338 late on Wednesday in New York.