Greenback tumbles vs euro and pound as BoE and ECB open door to hawks

Greenback tumbles vs euro and pound as BoE and ECB open door to hawks

On Thursday, the US dollar kept to one-year minimums versus the common currency and dipped versus the British pound in Asian trade because market participants priced in tighter monetary policy in the EU.

The US dollar index, usually tracking the strength of the American currency versus six main rivals, decreased 0.1%, being worth 95.843, demonstrating its lowest outcomes since October and quite below peaks above 97.0 reached earlier this week.

The British pound contributed to revenues made after BoE Governor Mark Carney told on Wednesday that Britain’s key financial institution probably require lifting interest rates as the UK economy gets closer to working at full capacity.

On Tuesday, ECB Governor Mario Draghi sparked the common currency’s leap, when he dropped a hint that the EU’s major bank could potentially trim its stimulus in 2017.

The euro gained 0.3%, trading at $1.1410. The British pound surged 0.2%, being worth $1.2955.

 

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera