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Dollar Hovers Near Two-Week High, Aussie Skids as Economic Growth Disappoints
Wednesday, 6 March 2019 08:39 WIB | CURRENCIES |Dolar Indeks Dolar EuroAussieDolar

The dollar held gains against its peers early on Wednesday, thanks to higher U.S. yields and better-than-expected data, while its Australian counterpart took a knock after disappointing economic growth figures for last quarter.

The Australian dollar slipped 0.4 percent to a two-month low of $0.7052 as data released earlier in the day reinforced recent evidence of slowing domestic momentum and backed market expectations for a rate cut this year.

The dollar index, which measures the greenback against a basket of six major peers, gained for the fifth straight session overnight, hitting a two-week high of 97.008. It traded at 95.698 early on Wednesday.

The euro was down a shade at $1.1300, hovering near two-week lows versus the greenback amid bets that the European Central Bank meeting on Thursday would indicate a delay in raising rates until next year and soon re-launch long-term bank loans to fight an economic slowdown.

Source : Reuters

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