Greenback stays backed up by Fed comments
On Wednesday, the major American currency was mostly intact against the Japense yen as well as the euro during Asia trade, as commoents from the Fed’s officials backed up the greenback in the wake of the Brussels terrorist attacks.
The US dollar traded ¥112.44, somewhat higher than Tuesday’s result ¥112.40 in New York. Financial analysts stress that the overall impact is much smaller than actually expected.
Meanwhile, American stocks were mostly steady after those attacks in Brussels, with the Dow Jones Industrial Average closing -0.2% and Nasdaq Composite +0.3%.
The benchmark Nikkei sagged 0.1%, following the negative effects from Brussels’ attacks in Asia.
The terrorist attacks in Brussels killed up to two dozen people and injured many more. This brought the Japanese yen higher, while the greenback slumped to ¥111.38. After a while, the greenback gained support on positive comments from the Fed’s representatives.
The Fed’s officials informed that American economy boasts upbeat fundamentals. The central bank also favored short-term rate increases.