The dollar fell against currencies associated with greater risk and also against havens such as the Japanese yen and the Swiss franc.
In 24 hours, The dollar index lost 1.1%, following a rebound when the US Federal Reserve issued a new monetary policy statement on Wednesday, all the way to a low shortly after the European Central Bank and the Bank of England made announcements on Thursday.
“What a day,” said Marc Chandler, chief market strategist at Bannockburn Global Forex.
The British pound rose as much as 0.8% against the dollar after the Bank of England became the first major central bank to raise interest rates since the start of the pandemic.
The euro rose more than 0.5% after the European Central Bank said it was going to slow down stimulus slightly.
The ECB’s smooth move contrasted with the more aggressive tone of the Federal Reserve, which said it will end its purchase of pandemic-era bonds in March, paving the way for three interest rate hikes in 2022.
Source From: Ambito
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