Interest Rates and Tokyo Stocks

u.s: The euro was at 1.1780-1784, down from 1.1792-1793, and at 128.91-92, down from 128.96-97. ; The dollar rose above 109.80 in early morning trading just after a higher opening of Tokyo stocks, adding to its gains traced to an overnight rise in U.S. stock prices and long-term interest rates, according to The Japan Times. The greenback later lost a fraction of its strength to stand at levels around 109.60-70 after Tokyo stocks gave up some of their early gains and U.S. long-term interest rates took a breather. At 5 p.m., the dollar stood at 109.42-42, still up from 109.35-35 at the same time Tuesday. Just before noon, news broke that Trump said he would shut down the U.S. government if necessary to secure funds to build a wall along the Mexico border. The dollar lost its upward momentum due to the reported comment by Trump, a currency brokerage official said. This sent the dollar below 109.50, market sources said. (news.financializer.com). As reported in the news.

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