BREAKING: Dollar Poised For Weekly Losses on Improving Risk Sentiment

Photo: Reuters

TOKYO (Reuters) - The dollar held steady in thin trade on Friday but was on track for weekly losses against a basket of major currencies as it remained under pressure on improving risk appetite.

U.S. markets were closed for the Thanksgiving holiday on Thursday.

The U.S dollar index was steady at 92.03 against a basket of major currencies, treading water around a near three-month low of 91.84 it hit overnight.

The dollar has been under pressure this week, as riskier currencies benefited from increased optimism over a string of COVID-19 vaccines news reports and hopes for a more stable period in U.S. politics.

Dovish messaging from the European Central Bank's chief economist and the minutes from last month's meeting provided further confirmation of widely expected stimulus at its December gathering.

The euro was little changed against the greenback at $1.1905, away from a more than two months-high of $1.1941 it marked on Thursday.

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