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Dollar erases day's gains against yen as Trump speaks
March 1, 2017 / 3:48 AM / 9 months ago

Dollar erases day's gains against yen as Trump speaks

TOKYO, March 1 (Reuters) - The dollar erased its earlier gains in Asia on Wednesday as U.S. President Donald Trump delivered a key policy speech to the Congress, leaving a jittery market devoid of any details on his economic stimulus in the early part of his speech.

The dollar/yen eased to around 112.80 yen from the day’s high of 113.375 yen hit earlier on hopes the Federal Reserve may raise interest rates this month. (Reporting by Hideyuki Sano; Editing by Kim Coghill)

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