Most units rangebound in holiday season's thin trade

London

THE dollar held steady in thinned trading on Wednesday after data painted a mixed picture of the US economy, offering investors few clues as to how fast the Federal Reserve will raise interest rates next year.

After the Fed's widely anticipated interest rate hike last week, attention has turned to the pace of rate rises. Markets are fully pricing in two increases in 2016, although Fed policymakers are signalling four.