Markets & Stocks
Dollar climbs after attacks
September 11, 2001: 7:05 p.m. ET

Currency inches up in early Tokyo trading after U.S. rocked by explosions
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NEW YORK (CNNfn) - The dollar edged slightly higher in thin early trading in Tokyo Wednesday after being hammered down the day before in response to coordinated air attacks on World Trade Center in New York and Pentagon near Washington, D.C.

The U.S. dollar opened at ¥119.67 on Wednesday in Japan against Tuesday's late offshore level of ¥118.04.

Analysts believe that the Japanese currency may come under pressure should key Nikkei stocks tumble, although market still unsure whether active trading will take place.

In early Wednesday trading, the euro was quoted at 91.17 cents.

Tokyo traders were uncertain how dollar will perform in Tokyo on Wednesday, after it tumbled to a low of ¥118.50 in New York. The euro rose as high as 91.35 on Tuesday.

The effects of the attacks on financial markets remains unclear, analysts said. U.S. stock markets never opened Tuesday in the wake of the attacks that toppled the World Trade Center towers. They were to remain closed Wednesday.

-- from staff and wire reports graphic


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