Iraqi dinar slips as dollar climbs in Baghdad morning trade

BAGHDAD, Iraq — The U.S. dollar rose against the Iraqi dinar in early-morning currency trading in the capital on Thursday, reversing losses recorded in the previous session, Iraqi-based economic reports said. The move pushed buying and selling rates at Baghdad exchange offices and bank counters closer to levels seen earlier in the period. Market participants said the morning opening prices reflected a return toward ranges recorded in recent weeks, after the dollar had eased in the previous trading session. Some exchange bureaus updated their buy and sell rates and began transacting at the new levels shortly after the market opened. Officials noted that intraday fluctuations remain possible as trading continues. No further official guidance or policy statement from Iraq's central bank was mentioned in the available reporting.