The dollar held to gains Thursday, as the prospect of action from U.S. and European central banks helped lift the greenback to a seven-month high against the euro.The ICE U.S. Dollar Index DXY, -0.03% a measure of the dollar’s strength against a basket of six rival currencies, rose 0.1% to 99.845.
The dollar USDJPY, +0.05% was at ¥122.57, compared with ¥122.70 late Wednesday in New York. The euro EURUSD, +0.0094% was at $1.0611, compared with $1.0625 Thursday, when the greenback hit a fresh seven-month low against the shared currency.
The Australian dollar AUDUSD, -0.0415% fell to 72.21 U.S. cents from 72.51 U.S. cents following data showing poor business investment in the country. Australian companies scaled back investment spending by 9.2% in the third quarter from the second, a much steeper drop than the 2.9% fall expected. In the year through September, total new capital expenditure fell by 20.0%.
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