The U.S. Caving on the comments of Treasury Secretary Steven Mnuchin, because of being close to the three-year lows against the dollar on Thursday, he welcomed the weak currency, while Euro is leading the decision of the European Central Bank policy.
Single currency breathed a little overnight, from 0.1 percent to $ 1.2396. It rose 0.9 percent to 1.2415 on Wednesday, the highest since December 2014.
Mnuchin told the World Economic Forum in Davos on Wednesday, "Obviously a weak dollar is good for us because it relates to trade and opportunities." His comments were seen by markets as a departure from the traditional American currency policy.
Single currency breathed a little overnight, from 0.1 percent to $ 1.2396. It rose 0.9 percent to 1.2415 on Wednesday, the highest since December 2014.
Mnuchin told the World Economic Forum in Davos on Wednesday, "Obviously a weak dollar is good for us because it relates to trade and opportunities." His comments were seen by markets as a departure from the traditional American currency policy.
US President Donald Trump had already defended his decision on trade protectionism, already before the decision to implement heavy import duty on the washing machines and solar panels in the first week.
The senior currency strategist of Claim Securities in Tokyo said, "Monetary policy was normalized under pressure on the expectations of European Central Bank and the Bank of Japan in the last week, but after the observations of the monkey, the bear trend completely entered the new phase Done, "said Yukio Izizuki.
With a fall of 1 percent to 109.300 yen, the US $ 4.99 trunk for the four months of 108.965 Currency changed slightly
The dollar index against the basket of six major currencies was 89.307, which fell below 90% for the first time since December 2014.
The senior currency strategist of Claim Securities in Tokyo said, "Monetary policy was normalized under pressure on the expectations of European Central Bank and the Bank of Japan in the last week, but after the observations of the monkey, the bear trend completely entered the new phase Done, "said Yukio Izizuki.
With a fall of 1 percent to 109.300 yen, the US $ 4.99 trunk for the four months of 108.965 Currency changed slightly
The dollar index against the basket of six major currencies was 89.307, which fell below 90% for the first time since December 2014.
Immediate attention was at the global level at the ECB's policy-making meeting later because the market looks for any such signs that the central bank is increasingly worried about appreciation of the euro.
The economy of the Eurozone
The economy of the Eurozone
"Some players are likely to lighten their long euro position if the ECB is worried about the strength of the currency, but such comments will probably not be enough to stop the dollar's weakness," said Ishizuki in Daiwa Securities.
Australian Dollar traded at $ 0.8054 after moving up to the highest four-month high of 0.88 dollars to $ 0.80 83.
The Canadian dollar was $ 1.2352 per dollar and after reaching C $ 1,2318, it remained the strongest during the last days of September and touched overnight.
A rally in crude oil prices has given an extra lift to commodity-linked currencies such as Australian and Canadian dollars.
New Zealand dollar remained unchanged at $ 0.7340, after rising in the fourth quarter, at the expected pace in the fourth quarter, after rising consumer prices, five-month highs returned to a higher level of 0.7437 dollars. - Reuters
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