“There’s a lot of data out of the US today, and also some weak tech results, which is weighing on risk sentiment,” he said. simon harveyhead of currency analysis at Monex Europe in dialogue with Reuters.
The dollar last rose 0.9% against the and inuntil 147.64after the Bank of Japan to keep its -0.1% target for interest rates unchanged in the short term and his promise to bring the 10-year bond yield to around 0%, as expected.
“We do not plan to raise interest rates or head for an exit (from easy policy) anytime soon,” said BOJ Governor, Haruhiko Kuroda. He also said that if Japan approached 2% inflation they would consider a policy change, but that it would be clearly communicated to the markets.
The dollar also held firm against the pound sterlingthat down 0.24% to $1.1536and the euro, which traded with a 0.2% decline to $0.9947with investors in a slightly cautious mood.
The common currency was still affected after the 1% drop from the day beforewhen the markets received a pessimistic message from the interest rate hike of 75 basis points by the European Central Bank.
The dollar was also firmer against the Swiss franc, the Australian dollar, and the Norwegian and Swedish kronor.
Source: Ambito
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