Market News
Currencies tread water as a cooling oil rally calms markets - REUTERS
By Rocky Swift, Satoshi Sugiyama and Harry Robertson
TOKYO/LONDON, March 18 (Reuters) - The U.S. dollar was little changed on Wednesday as easing crude oil prices steadied currency markets ahead of a series of central bank meetings.
The greenback was steady versus the British pound and Japanese yen, which pulled back from levels where traders had braced for possible intervention by Tokyo ahead of a meeting in Washington between U.S. President Donald Trump and Japanese Prime Minister Sanae Takaichi.
It was also flat against the euro, after two sessions of gains for the common currency as traders await the start of a two-day European Central Bank meeting.
The dollar has strengthened overall since the U.S. and Israel attacked Iran almost three weeks ago, reaching a 10-month high late last week as the conflict and rising oil prices drove investors into safe-haven U.S. assets.
