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Currencies steady as Yellen confirms Fed eyeing December

AFP

Major currencies were steady despite a tentative OPEC deal in Algiers to curb output that sent oil prices up more than 5 percent and strongly boosted stock markets.

Federal Reserve Chair Janet Yellen's reiteration to Congress that most of the Fed's policymaking board expect a rate rise by December also failed to move the US currency.

At 2100 GMT the dollar was unchanged from Tuesday at $1.1217 per euro, and a bit higher against the yen at 100.70 yen.

The British pound meanwhile edged higher on the dollar, to $1.3022.

The main beneficiary of the oil price move was producer Canada, whose currency jumped 1.1 percent to Can$1.3089 per US dollar.

2100 GMT Wednesday Tuesday

EUR/USD 1.1217 1.1217

EUR/JPY 112.96 112.58

EUR/CHF 1.0894 1.0889

EUR/GBP 0.8614 0.8622

USD/JPY 100.70 100.36

USD/CHF 0.9712 0.9707

GBP/USD 1.3022 1.3011