Dollar dips in profit taking but many still bullish

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New York - The dollar retreated Friday in profit taking along with US stocks, but analysts said the prospects still looked good for gains in the greenback.

The decline in US stocks was led by large banks and a handful of shares, such as Caterpillar, that had won big gains in the post-election rally.

Frankfurt, Paris and London were slightly up at the European close, while Tokyo closed at a fresh high for 2016 ahead of next week's meeting of the Bank of Japan.

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USD/ZAR
14.06
+0.1%
GBP/ZAR
19.85
+0.1%
EUR/ZAR
17.07
+0.2%
AUD/ZAR
11.01
+0.1%
JPY/ZAR
0.13
+0.1%
Gold
1,835.77
-0.0%
Silver
27.35
+0.1%
Palladium
2,955.93
-0.2%
Platinum
1,248.02
-0.2%
Brent Crude
68.32
+0.1%
Top 40
62,389
0.0%
All Share
68,377
0.0%
Resource 10
72,112
0.0%
Industrial 25
85,665
0.0%
Financial 15
12,740
0.0%
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