RTRS: Dollar falls broadly, driven by sterling gains
LONDON, Nov 17 (Reuters) - The dollar turned lower on Monday, driven largely by a jump in sterling to session highs, with traders citing profit-taking on the U.S. currency after it hit a 6-1/2 year peak against the pound last week. By 0938 GMT, the dollar had relinquished gains against the yen and the euro gained roughly 0.4 percent to $1.2675 . Sterling was up 1.25 percent against the dollar at $1.4931 .
"We've been seeing a U.S. bank buying cable all morning, which is boosting the pound, although the market is very quiet, it's really thin," said a trader based in London.
