US dollar buying stalls on Fed official's comments

Tokyo

US dollar demand stalled on Tuesday after the vice chairman of the Federal Reserve suggested interest rates would rise more slowly than expected, while the euro won support from hopes for a Greek debt deal.

The greenback changed hands at 119.66 yen in afternoon trading, down from 119.71 yen in New York and 119.91 yen in Tokyo earlier on Monday. The euro bought US$1.0919 and 130.69 yen against US$1.0945 and 131.02 yen in US trade. However, it was stronger than the US$1.0770 and 129.41 yen earlier on Monday in Asia.