time wednesday: The euro was at 1.1240-1241, up from 1.1236-1237, and at 125.16-17, down from 125.30-31. ; The dollar temporarily topped 111.52 toward midmorning on purchases by Japanese importers and investors heartened by stock price rises in Tokyo and other parts of Asia, according to The Japan Times. But the greenback bowed to selling by profit-takers in the wake of stock market downturns and a pause in the key U.S. long-term interest rate's increase in off-hours trading, market sources said. At 5 p.m., the dollar stood at 111.35-35, down from 111.51-51 at the same time Wednesday. In late trading, the dollar moved in a tight range amid a dearth of fresh trading incentives. However, the White House's announcement that President Donald Trump will meet with Chinese Vice Premier Liu He on Thursday boosted hopes for a U.S.-China trade agreement and supported the dollar, the broker also said. The weak reading of the Institute for Supply Management nonmanufacturing index for March, released on Wednesday, put a damper on risk-on buying of the dollar vis-a-vis the yen, a currency broker said.
(news.financializer.com). As
reported in the news.
Tagged under time wednesday, market sources topics.