FXstreet.com (London) - Greenback traded mixed but softly against its major pairs so far in the Asian session. Dollar has been flying recently as a string of positive economic news has swayed investor sentiment and dollar shorts have hurriedly covered during Dollars emphatic rise in the run-up to the New Year.
This move in investor confidence away from riskier assets approaching the holidays has also reduced the weight the carry trade has been having on the Greenback in recent months. In a carry trade investors fund the purchase of riskier high-yielding assets with lower-yielding currencies such as the Dollar of the Yen.
The summary picture of the Dollars performance against its major pairs this session is as follows: EUR/USD 1.4347/9 (+0.28%), Swissy 1.0413/24 (+0.18%), Cable 1.6143/5 (+0.14%), USD/JPY 90.31/34 (0.03%).