Dollar-yen is holding near 158.30 during the London midday session, while euro-yen is firm at around 1.1174. The stock market decline is reportedly seen as a factor driving the dollar higher.
During London midday trading, dollar-yen is holding near 158.30, while euro-dollar is trading around 1.1174. Both are near today's higher-dollar levels.
The market remains in a phase of sustained upward pressure on the dollar against a backdrop of declining stock markets. European stocks are moving sideways near today's lows.
The foreign exchange market remains in a phase of dollar strength, with views that dollar buying has become the dominant trend.