N.Korea confirms another medium-range ballistic missile drill

N.Korea confirms another medium-range ballistic missile drill

"The launching drill was conducted with the aim at calming down the belligerence of the United States which has recently cried out for using military muscle against North Korea, and at bolstering up operation capability for attack and counterattack to counter it with swift and powerful military counteraction, examining the order to deal with nuclear warheads and confirming action procedure of actual war", said North Korea's official Korean Central News Agency (KCNA).

"The Security Council also emphasized the vital importance of North Korea immediately showing honest commitment to denuclearization through concrete action and stressed the importance of working to reduce tension on the Korean Peinsula", said Tekeda Alemu, President of the Security Council.

After slipping as low as 109.57 yen in Asian trading, the dollar rebounded, rising 0.8 percent to 111.07 yen.

On Monday, the Security Council unanimously adopted a resolution to impose sanctions on North Korea over its nuclear test on September 3, the ninth United Nations sanctions resolution adopted on North Korea since 2006.

The missile posed no threat to North America or Guam, Manning told reporters during a briefing this morning.

N.Korea confirms another medium-range ballistic missile drill

The dollar and Treasury yields were supported by the latest U.S. consumer inflation data, which bolstered expectations that the U.S. Federal Reserve could raise interest rates again by year-end.

It built on those gains on Friday after BoE policymaker Gertjan Vlieghe said "the appropriate time for a rise in Bank Rate might be as early as in the coming months".

"The Security Council also emphasized the vital importance of the DPRK immediately showing a honest commitment to denuclearization through concrete action, and stressed the importance of working to reduce tension on the Korean Peninsula", said Tekeda Alemu, president of the Security Council, in a readout of the press statement.

The pound had already recorded its best day since April on Thursday, after investors brought forward their rate hike bets following the Bank of England's signal that it would tighten soon.

The euro was up 0.3 percent at $1.1953, staying below a 2-1/2 year high of $1.2092 set last week.

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