Dollar continues to move higher as geopolitical tensions ease
Market sentiment improved after North Korea said on Tuesday it had delayed a decision on a plan to fire missiles at the U.S. Pacific territory of Guam while it watches U.S. actions a little longer.
At the same time, South Korean President Moon Jae-in said there will be no military action upon the Korean peninsula without Seoul's consent and that the government would prevent war by all means.
Signs of an easing in tension on the Korean peninsula helped stock markets rally for a second day running even as the United States and South Korea prepared for more joint military drills, which infuriate the North, and experts warned it could still go ahead with its provocative plan.
The greenback found some support after New York Fed President William Dudley said on Monday that he favored another interest rate hike this year if the economic conditions evolved in line with his expectations.
At the same time, South Korean President Moon Jae-in said there will be no military action upon the Korean peninsula without Seoul's consent and that the government would prevent war by all means.
Signs of an easing in tension on the Korean peninsula helped stock markets rally for a second day running even as the United States and South Korea prepared for more joint military drills, which infuriate the North, and experts warned it could still go ahead with its provocative plan.
The greenback found some support after New York Fed President William Dudley said on Monday that he favored another interest rate hike this year if the economic conditions evolved in line with his expectations.