japanese exporters: The euro was at 1.1349-1350, down from 1.1355-1355, and at 125.78-85, up from 125.62-62. ; The dollar moved around 111 in early trading, maintaining its overnight strength abroad that reflected hopes for a U.S.-China trade deal, according to The Japan Times. The greenback trimmed the gains later in the morning as month-end dollar selling by Japanese exporters took the upper hand. At 5 p.m., the dollar stood at 110.83-83, up from 110.62-63 at the same time Monday. The weakness of the Nikkei 225 stock average also weighed on the dollar, pushing down the currency to around 110.80 around noon. Market players retreated to the sidelines to hear congressional testimony by the U.S. Federal Reserve chairman later Tuesday, an official of a foreign exchange margin trading service firm said. The dollar moved in a tight range in the afternoon amid a lack of trading incentives, traders said.
(news.financializer.com). As
reported in the news.
Tagged under japanese exporters, reserve chairman topics.