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Dollar firm on light trade, Swedish crown jumps

CNBC - May 04, 2015
The dollar rose for a second straight session on Monday in thin trading, after data suggesting the U.S. economy might be stabilizing following a soft patch in the first quarter helped the dollar recover after a two-week drop.

The greenback moved in tight ranges against major currencies as trading was thinned by market holidays in Britain and Japan.

The dollar index gained about 0.7 percent on Friday after data showed a jump in consumer sentiment and stronger-than-expected vehicle sales.

This gauge of the greenback against six major currencies was 0.16 percent higher on the day at 95.44 after an in-line 2.1 percent rise in domestic factory orders in March was reported on Monday.

Doubts, however, persisted over the U.S. labor market and whether Friday's payrolls data would rebound from March's slowdown and be strong enough to support bets the Federal Reserve might raise interest rates by year-end - which had been the factor behind the recent dollar surge.
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