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Dollar Licks Wounds as Fed Disappoints Bulls, UK Election Awaited
Thursday, 12 December 2019 08:47 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields lower.

Investors also remained on edge as Sunday's deadline for the next round of U.S. tariffs on Chinese goods looms, and ahead of a European Central Bank (ECB) meeting and the UK election later on Thursday.

The greenback hit its lowest in more than a month against the euro after the Fed meeting, and sat just above that level at $1.1133 in early Asian trade. Against a basket of currencies the dollar recovered somewhat from an overnight four-month low, but remained subdued at 97.413.

The yen crept higher to 108.47 per dollar.

Source : Reuters

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