TOKYO, Jan 28 (AFP) : The dollar recovered on Wednesday after taking a hit in New York in response to weak US economic data and a string of poor earnings reports, while traders look ahead to a Federal Reserve policy meeting later in the day.
In afternoon Tokyo trading, the greenback fetched 118.16 yen, up from 117.90 yen in US trade on Tuesday.
The euro-which hit a more than 11-year low below $1.10 on Monday-bought $1.1335 and 133.93 yen against $1.1380 and 134.19 yen in New York.
The dollar suffered a sell-off Tuesday after the release of figures showing US durable goods orders unexpectedly tumbled 3.4 per cent in December, reminding investors that the world's top economy still has weak spots, especially its exposure to the global economic slowdown.
Dollar up in Asia as Fed set to wrap up meeting
FE Team | Published: January 29, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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