Trading Incentives: Dollar and Settlement Purposes

trading incentives: The euro was at 1.1007-1007, down from 1.1015-1015, and at 120.19-19, up from 120.01-02. ; The dollar lost minor ground in the early morning after firming above 109.10 in overnight trading amid growing expectations of the United States and China reaching a preliminary trade deal in the near future, according to The Japan Times. But the U.S. currency recouped the loss thanks to buying for month-end settlement purposes by Japanese importers. At 5 p.m., the dollar stood at 109.18-18, up from 108.95-95 at the same time Tuesday. The dollar crept up in the afternoon despite a dearth of fresh trading incentives. The dollar-yen pair can hardly go up in step with stocks as long as investors are wondering whether the global economy will get better, a Japanese bank official said. The dollar is failing to stage a powerful advance because investors are buying the greenback only in anticipation of progress in the U.S.-China trade talks, an insurance firm official said. (news.financializer.com). As reported in the news.