(Cutoff at European market closing) Stanley Fischer, the vice-chairman of the Federal Reserve's Board of Governors, declared the Fed is close to meeting it's targets of maximum employment and 2 per cent inflation. The dollar rose as high as ¥100.93 against the yen before easing back to stand barely changed at ¥100.24, while the euro fell to a low of $1.1272 before rallying back to $1.1314. The dollar index traded higher at 94.56. The yield on the two-year Treasury climbed to 0.783 per cent, the highest since June 23, before falling back to 0.74 per cent, down 1 basis point. Brent was down at $49.38 a barrel. US WTI was down at $47.13. Gold pared an early decline to trade lower at $1,339 an ounce.
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