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They opened Tuesday with thin trading in the last week of the year.
But most of the gains were lost in later thin trading.
The price movement that followed the reports came on extremely thin trading.
Treasury note and bond prices moved lower in thin trading.
The thin trading and potential for over-reaction is likely to continue until next week, he added.
Some had expected the central bank to buy dollars yesterday to take advantage of the thin trading volume.
Domestic bond prices were mixed in thin trading ahead of the month's end.
At the same time, the thin trading volumes exaggerated the overall impact.
Treasury bond prices were little changed to slightly lower in thin trading.
Prices of Treasury notes and bonds were little changed in thin trading.
The dollar ended the day mixed on world financial markets, in thin trading.
On Wednesday, the index continued to fall amid thin trading.
"Exaggerated reactions tend to happen when you have thin trading," he said.
The dollar settled mostly lower in extremely thin trading yesterday.
Stocks closed mixed in thin trading yesterday as investors found little reason to buy.
Thin trading conditions often lead to big swings in prices, and yesterday was no exception.
The dollar strengthened against most major currencies in thin trading.
The decline was considered distorted by some credit market participants, who cited thin trading.
Thin trading in a holiday-shortened week is expected to keep market activity to a minimum.
Both the stock and bond markets plunged that Friday in thin trading.
Thin trading volume could exacerbate some of the market's moves, however.
Prices were off generally between a quarter- and a half-point in thin trading.
Prices of Treasury securities rose, and interest rates fell in generally thin trading.
With many dealers still on holiday, thin trading exaggerated movements.
On Wall Street, stocks were broadly lower in thin trading.