At noon, the dollar fetched
The euro was quoted at
The yen strengthened in
Optimism about the U.S. economy waned when the Conference Board said its consumer confidence index dropped to 78.1 in February from 79.4 a month earlier.
The dollar rebounded slightly in the morning in
"Today Chinese stocks are still lagging so it looks like the concerns remain, and ahead of fresh signs of U.S. economic health, the dollar's performance will depend on risk sentiment in Asian markets with a focus on
Market participants are looking ahead to U.S. Federal Reserve chair
"Yellen is unlikely to say anything specifically critical about the rash of soft data, but if she touches on the weather situation and seems optimistic about the outlook from March onwards, this indicates that stimulus tapering will continue as planned and should push up the dollar," Sakai said.
"It would be a great surprise if Yellen speaks with nuance about slowing the pace of tapering, but if she does so it will stoke fears that something is fundamentally wrong with the U.S. economy beyond a dusting of snow," he said.
"Storchak's comments serve to build on fears of tension between the
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