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U.S. dollar mixed after Draghi's remarks

NEW YORK
2016-01-22 04:43

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The U.S. dollar ended mixed against most major currencies Thursday as the European Central Bank (ECB) President Mario Draghi signaled further stimulus.

The euro weakened against the dollar early in the session after Draghi said that the central bank may review its monetary policy stance at the next meeting in early March. Draghi's comments suggested the central bank is willing to roll out more stimulus at its next meeting in March, according to the Wall Street Journal.

The ECB announced earlier on Thursday that its key interest rates would remain unchanged at record low levels. The euro, falling as low as 1.0778 U.S. dollars in early session, reversed its decline and was traded at 1.0882 dollars in late session, little changed from 1.0884 dollars of the previous session.

The dollar index, which measures the greenback against six major peers, was down 0.12 percent at 99.02 in late trading. In late New York trading, the British pound increased to 1.4216 dollars from 1.4173 dollars.

The Australian dollar went up to 0. 6986 dollars from 0.6920 dollars. The dollar bought 117.46 Japanese yen, higher than 116.94 yen of the previous session. The dollar moved up to 1.0068 Swiss francs from 1.0048 Swiss francs, and it moved down to 1.4286 Canadian dollars from 1.4486 Canadian dollars.

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