Markets & Finance

Dollar Recovers From Losses Tuesday

MARKETSCOPE : The dollar was recovering early Wednesday amid reports of Homeland Investment Act related dollar repatriation.

Dollar index was up 0.48 to the 91.92 level after having sputtered on Tuesday. The greenback is being aided mostly by higher U.S. bond yields.

The euro was off at the $1.1723 level, while the sterling was off at $1.7331. U.K. November BRC shop prices rose 0.43% after a 0.96% drop in October. Also, the National Institute for social and economic research (NIESR) said UK Gross Domestic Product growth rose 0.4% in the three months to November.

The dollar was up at at 121.00 yen after the Bank of Japan member Haru said the weak yen "has a positive effect" on the economy. Other Japanese officials have said they are not worried about yen level.

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