FOREX-Euro, Aussie gain vs dollar in thin trade

The euro and higher yielding currencies such as the Australian dollar gained against the U.S. dollar on Tuesday, lifted by improved appetite for risk as equities gained ground.

Volumes were very thin, however, and analysts were wary of drawing too many conclusions from current intraday movements, with the euro still trading within its recent range against the dollar, albeit at the top end.

Against the yen, the dollar stayed supported, hovering close to a two-month high on the view that the U.S. economy is recovering well, which has lifted U.S. Treasury yields.

Later in the session, investors will watch for U.S. consumer confidence for December at 1500 GMT and the Standard & Poor's/Case-Shiller home price index for October at 1400 GMT for further clues on how well the U.S. economy is faring. ECONUS >>

News - December 09