Afternoon Trading: Dollar and Wednesday Thursday

afternoon trading: The euro was at 1.1390-1390, down from 1.1416-1417, and at 130.20-21, down from 130.34-35, according to The Japan Times. After moving around 114.10 in early trading, the dollar topped 114.20 by midmorning on buying from Japanese importers and the Nikkei 225's continued advance. At 5 p.m., the dollar stood at 114.31-31, up from 114.17-18 at the same time Monday. Although the greenback lost steam later in the morning as a wave of buying subsided, it rallied in the afternoon to pass the 114.40 line to a level unseen since March 15. But the dollar grew top-heavy in late afternoon trading as investors retreated to the sidelines before U.S. Federal Reserve Chairwoman Janet Yellen's congressional testimony, scheduled for Wednesday and Thursday. This was thanks to renewed purchases on the back of a rise in the U.S. interest rates in off-hours trading and the Nikkei's further ascent, traders said. (news.financializer.com). As reported in the news.