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Dollar holds advantage as Powell quashes negative rates, data in focus
Thursday, 14 May 2020 07:49 WIB | CURRENCIES | EuroCurrencyDOLLAR

The dollar held onto gains against major currencies on Thursday after U.S. Federal Reserve Chairman Jerome Powell dismissed speculation that policymakers will adopt negative interest rates.

The Australian dollar was under pressure before closely-watched data on the jobs market, which may help determine how much more monetary and fiscal easing is necessary to support the economy.

The dollar traded at $1.0818 against the euro on Thursday following a 0.3% gain in the previous session.

Against the pound, the greenback was quoted at $1.2238, close to a five-week high. The greenback was little changed at 106.91 yen.

Source : Reuters

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