Policy Meeting: Midmorning Trading and Interest Rates

policy meeting: The euro was at 1.1137-1137, up from 1.1083-1084, and at 120.99-99, up from 120.50-51. ; The dollar fell below 108.50 in midmorning trading after U.S. Federal Reserve Chairman Jerome Powell hinted that U.S. interest rates may not rise anytime soon at a news conference following a Fed policy meeting ended Wednesday, according to The Japan Times. The greenback later cut its losses and returned to around 108.60, thanks to a rise in the 225-issue Nikkei stock average, traders said. At 5 p.m., the dollar stood at 108.63-63, down from 108.72-72 at the same time Wednesday. The dollar-yen pair may be swayed by the moves of the British pound following the British general election and by the results of a European Central Bank policy meeting, both slated for Thursday, a trust bank official said. Twitter Facebook Linked In GET THE BEST OF THE JAPAN TIMES IN FIVE EASY PIECES WITH TAKE 5 Mail the editor Error Policy JOIN THE CONVERSATION LATEST BUSINESS STORIESPhase one trade deal with China gets tepid reception in U.S. After U.S. officials announced a truce in the trade war with China with much fanfare, economists and trade experts call it largely a victory for Beijing. Market players are unlikely to sell dollars aggressively as the Conservative Party is expected to win the British election and optimism remains in the market over the U.S.-China trade negotiations, a Japanese bank official said. (news.financializer.com). As reported in the news.