The U.S. dollar fell against other major currencies on Thursday after central bank decisions from Europe and Canada.
The European Central Bank (ECB) decided on Thursday that the Eurozone base interest rate will remain at 0.00 percent. However, the ECB President Mario Draghi said that policymakers would decide on tapering stimulus this autumn, adding that "probably the bulk of these decisions will be taken in October".
The euro soared and was on course for its biggest daily gain in nearly two weeks on Thursday after the news. Meanwhile, the greenback hit the lowest level against Canadian dollar in more than two years on Thursday after the Bank of Canada surprised many by raising interest rates by 25-basis-points to 1 percent on Wednesday.
The dollar index, which measures the greenback against six major peers, was down 0.68 percent at 91.664 in late trading.
In late New York trading, the euro rose to 1.2007 U.S. dollars from 1.1923 U.S. dollars, and the British pound climbed to 1.3079 U.S. dollars from 1.3049 U.S. dollars. The Australian dollar increased to 0.8036 U.S. dollar from 0.8002 U.S. dollar.
The U.S. dollar bought 108.57 Japanese yen, lower than 109.32 yen of the previous session. The U.S. dollar declined to 0.9520 Swiss franc from 0.9566 Swiss franc, and it edged down to 1.2135 Canadian dollars from 1.2222 Canadian dollars.
The European Central Bank (ECB) decided on Thursday that the Eurozone base interest rate will remain at 0.00 percent. However, the ECB President Mario Draghi said that policymakers would decide on tapering stimulus this autumn, adding that "probably the bulk of these decisions will be taken in October".
The euro soared and was on course for its biggest daily gain in nearly two weeks on Thursday after the news. Meanwhile, the greenback hit the lowest level against Canadian dollar in more than two years on Thursday after the Bank of Canada surprised many by raising interest rates by 25-basis-points to 1 percent on Wednesday.
The dollar index, which measures the greenback against six major peers, was down 0.68 percent at 91.664 in late trading.
In late New York trading, the euro rose to 1.2007 U.S. dollars from 1.1923 U.S. dollars, and the British pound climbed to 1.3079 U.S. dollars from 1.3049 U.S. dollars. The Australian dollar increased to 0.8036 U.S. dollar from 0.8002 U.S. dollar.
The U.S. dollar bought 108.57 Japanese yen, lower than 109.32 yen of the previous session. The U.S. dollar declined to 0.9520 Swiss franc from 0.9566 Swiss franc, and it edged down to 1.2135 Canadian dollars from 1.2222 Canadian dollars.
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