🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Dollar at multi-month lows as central banks sound more hawkish

Published 29/06/2017, 08:25
EUR/USD
-
GBP/USD
-
USD/JPY
-
AUD/USD
-
USD/CAD
-
EUR/JPY
-
DX
-

Investing.com - The dollar was at multi-month lows Thursday against major currencies as a number of central bankers sounded more hawkish.
The dollar index was off 0.21% at 95.58 at 03:00 ET, near its lowest levels since early October.
The euro touched the $1.14 mark despite efforts by ECB officials to hose down upbeat remarks by Mario Draghi on the euro-zone recovery.
The pound eyed the $1.30 mark as Bank of England governor Mark Carney appeared to tone down a previous dovish approach.
Carney told an ECB banking forum Wednesday "some removal of stimulus policy is likely to become necessary" amid UK inflationary pressure.
Bank of Canada governor Stephen Poloz also hinted at a rate hike sooner rather than later, which buoyed the loonie.
The exception was the Bank of Japan, which seems inclined to continue with stimulus measures as inflation remains low.
The yen was mostly flat against the dollar at the 112 mark.
The euro traded above 128 yen, its highest level in over a year.
The Aussie was firm against the dollar, with the Australian currency buoyed by a recovery in iron ore prices.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.