twitter extension: The euro was at 1.1355-1355, up from 1.1346-1346, and at 125.62-62, down from 125.65-66. ; The dollar rose above 110.70 in early trading after U.S. President Donald Trump suggested on Twitter an extension to Friday's deadline for a trade deal with China, according to The Japan Times. Supported by the strong opening of the Nikkei 225 stock average, the greenback temporarily rose above 110.80 toward midmorning trading. At 5 p.m., the dollar stood at 110.62-63, down from 110.74-76 at the same time Friday. The dollar then fell to around 110.60 on selling by Japanese importers for month-end settlements and stayed around that level for the rest of the day amid a dearth of trading pegs, traders said. Investors found it difficult to trade actively amid a widespread view that the dollar-yen pair is unlikely to move much, a foreign exchange margin trading service firm official said. The dollar-yen pair was supported by dip buying when the greenback approached the psychologically important line of 110.50, a currency broker said.
(news.financializer.com). As
reported in the news.
Tagged under twitter extension, trade deal topics.