time friday: The euro was at 1.0598-0599, up from 1.0520-0521, and at 120.60-61, up from 120.21-21, according to The Japan Times. The dollar rose above 114.10 in early trading on the back of expectations for an early interest rate increase by the U.S. Federal Reserve in the wake of a speech on Friday by Fed Chair Janet Yellen. At 5 p.m., the dollar stood at 113.79-79, down from 114.26-26 at the same time Friday. But the dollar failed to keep its upward momentum due to selling on a rally and profit-taking selling as well as a fall in Japanese stock prices, market sources said. In the afternoon, the dollar was stuck in a tight range around 113.80. The dollar's decline also came as the yen attracted safe-haven demand after North Korea fired ballistic missiles into the Sea of Japan on Monday morning, market sources said.
(news.financializer.com). As
reported in the news.
Tagged under time friday, market sources topics.