On Thursday, in Asia trade, the major US currency stood still against the euro and the yen, as most market participants avoided making big moves despite improved sentiment.
The greenback traded at ¥113.95, that’s a bit higher than ¥113.82 on Wednesday, New York. The evergreen buck slightly dipped against the euro, which leapt from $1.1129 to$1.1139 on Wednesday. The euro surged from ¥126.68 to ¥126.92 against the Japanese yen.
A standard measure of the evergreen buck against a basket of key currencies, the WSJ Dollar Index, sagged 0.05%, heating 89.19. The Nikkei Stock Average, which soared after a recent oil bounce and revenues in American stocks overnight, slightly improved market sentiment.
Moreover, the benchmark Nikkei managed to grab up to 360.41 points, showing a 2.3% surge at 16196.80 on Wednesday.
The currency market has not seen a large-scale greenback buying along with euro and yen selling, that typically occurs when financial and geopolitical instability fades.
Taking into consideration the actual absence of a strict agreement as for production cut among oil-producers, oil-price uncertainty will most probably remain in the nearer future.