Demand Thanks: Dollar and Wall Street

demand thanks: The euro was at 1.0649-0651, up from 1.0638-0638, and at 115.94-94, up from 115.23-23, according to The Japan Times. The dollar carried over its firmness from overnight trading overseas, where it attracted demand thanks to U.S. Treasury Secretary Steven Mnuchin's comment in a press interview suggesting that the administration of President Donald Trump favors a strong dollar in the long run. At 5 p.m., the dollar stood at 108.86-86, still up from 108.32-32 at the same time Monday. The greenback briefly topped 109.20 on buybacks in the morning, also aided by Tokyo stocks' spurt following a sharp rebound on Wall Street on Monday and rises in U.S. long-term interest rates, market sources said. The remark was made in connection with North Korea. But after hovering above 109, the dollar sank close to 108.80 in the late afternoon, as investors renewed buying of the safe-haven yen versus the U.S. currency in the wake of Pence telling Prime Minister Shinzo Abe that peace can only be achieved by force, market sources said. (news.financializer.com). As reported in the news.