Dollar edges lower in Asian trade

TOKYO – The dollar edged lower in thin Asian trade on Thursday as many investors kept to the sidelines with few trading cues to move the market.

The greenback fetched 96.50 yen in Tokyo midday trading from 96.64 yen in New York Thursday, while the euro changed hands at 129.02 yen compared with 128.25 yen in US deals.

The European single currency rose to $1.3378 from $1.3334.

“Many players were on the sidelines due to lack of fresh trading factors as the market appears in a summer vacation mode,” said Yosuke Hosokawa, a dealer at Sumitomo Mitsui Trust Bank.

“There is room for the dollar’s downside risk, but falling below 93 yen is not …

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