The euro moved slightly lower against the dollar on Wednesday morning, trading at $1.19. The currency had broken above the $1.20 point on geopolitical concerns.
In the previous day’s trade, markets worldwide became skittish on the back of news that North Korea had fired a ballistic missile over Japan, however U.S. markets finished in the black and Asia traded mostly higher on Wednesday as nerves abated.
On Tuesday, President Donald Trump issued a statement saying that “all options are on the table” when it comes to responding to North Korea’s recent missile launch.
“The world has received North Korea’s latest message loud and clear: this regime has signaled its contempt for its neighbors, for all members of the United Nations, and for minimum standards of acceptable international behavior,” Trump said in a statement.
The U.S. incumbent went on to add that “threatening and destabilizing actions” would only increase the North Korean regime’s isolation both in Asia and with the rest of the world.