conference board: The euro was at 1.1312-1312, up from 1.1307-1307, and at 124.65-65, up from 124.45-45. ; After moving around 110.00, the dollar topped 110.20 in midmorning trading in line with a sharp rebound by the Nikkei 225 stock average, according to The Japan Times. But the greenback lost steam when it approached the 110.30 threshold. At 5 p.m., the dollar stood at 110.19-19, up from 110.06-06 at the same time Monday. Selling of dollars for yen for settlement purposes ahead of the fiscal 2018 end on Sunday pushed the U.S. currency down, close to 110, around noon, traders said. Investors increasingly retreated to the sidelines to wait for the announcements of U.S. economic data, including the Conference Board's consumer confidence index for March, a currency broker said. In the afternoon, the dollar moved narrowly between 110 and 110.20 amid a lack of trading incentives, market sources said.
(news.financializer.com). As
reported in the news.
Tagged under conference board, settlement purposes topics.