The US dollar shows moderate strengthening at Asian trading in the midweek. At the same time, the Japanese currency loses grounds, as risk assets regain demand.
The US Dollar index was recorded at 95.94.
The euro-to-US dollar exchange rate decreased to $1.1434, while yesterday's session was closed at $1.1471. However, the euro had been stronger vs the yen reaching 129 but then weakened to some 128.66.
The US dollar-to-yen rate stands at 112.54 (112.44 yesterday).
The market also keeps track of sterling, especially given the planned speech of Theresa May to the Conservative party.
The Japanese currency gained 0.3% vs the euro and US dollar benefiting from stronger demand for protective assets fueled by stock index plunge. According to the released data, US indexes dropped by 0.4-0.5%, European and Asian ones – more than 1% down and 2% respectively.
For now, stocks rebound on certain optimism that Beijing would not let the market slump dramatically and take the corresponding stimulus.
Traders are waiting for regional economic review based on US Beige Book and further development of Italian budget issue.
Notably, Donald Trump remains unsatisfied with the performance of the US Federal Reserve, which targets further monetary tightening. He stated that the regulator put US economy in danger with this policy.