Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The dollar was generally lower on Thursday, with risk-sensitive Asia-Pacific currencies leading gains as investors became increasingly convinced that US interest rates may have peaked after the Federal Reserve kept them unchanged.
The focus now turns to the Bank of England and whether it will make the same move on Thursday.
The dollar index, which measures the currency’s performance against six major currencies, fell 0.1 percent to 106.41 and fell by about 0.8 percent from the highest level it reached on Wednesday.
The euro rose 0.3 percent to $1.0598, the Swiss franc rose for the second day in a row, and the yen rose from its lowest level in a year to 150.155 to the dollar.
The British pound rose 0.2 percent to $1.2173 and fell to 87.14 against the euro in anticipation of keeping interest rates high.
The Australian dollar, which jumped 0.9 percent on Wednesday, rose another 0.6 percent on Thursday to touch a three-week high of $0.6439. The New Zealand dollar hit a two-week high of $0.5896.
