The euro weakened against the dollar Thursday, but its decline was limited as European Central Bank President Mario Draghi expressed confidence that the central bank’s stimulus efforts would soon pay off.
As was widely expected, Draghi and his fellow policy makers left interest rates unchanged and said they would soon implement the changes to its stimulus program announced in March.
The shared currency EURUSD, -0.0179% traded at $1.1147 late Thursday, compared with $1.1188 late Wednesday in New York.
The greenback USDJPY, +0.02% traded at ¥108.89 late Thursday after briefly touching its weakest level in more than two weeks earlier in the session. By comparison, it traded at with ¥109.53 late Wednesday in New York.
The pound GBPUSD, -0.1387% traded at $1.4434 late Thursday in New York, compared with $1.4416 late Wednesday.
That news was soon overshadowed by data showing U.S. crude supplies declined last week. The dollar was down 0.4% against the Brazilian real USDBRL, -0.3034% late Thursday in New York, while the dollar was up 0.2% against the Russian ruble USDRUB, -0.9861%
The currencies of other major oil exporters like the Canadian dollar USDCAD, -0.0382% and Norwegian krone USDNOK, +0.0372% moved off their lows, but remained lower against the dollar on the day.
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As was widely expected, Draghi and his fellow policy makers left interest rates unchanged and said they would soon implement the changes to its stimulus program announced in March.
The shared currency EURUSD, -0.0179% traded at $1.1147 late Thursday, compared with $1.1188 late Wednesday in New York.
The greenback USDJPY, +0.02% traded at ¥108.89 late Thursday after briefly touching its weakest level in more than two weeks earlier in the session. By comparison, it traded at with ¥109.53 late Wednesday in New York.
The pound GBPUSD, -0.1387% traded at $1.4434 late Thursday in New York, compared with $1.4416 late Wednesday.
That news was soon overshadowed by data showing U.S. crude supplies declined last week. The dollar was down 0.4% against the Brazilian real USDBRL, -0.3034% late Thursday in New York, while the dollar was up 0.2% against the Russian ruble USDRUB, -0.9861%
The currencies of other major oil exporters like the Canadian dollar USDCAD, -0.0382% and Norwegian krone USDNOK, +0.0372% moved off their lows, but remained lower against the dollar on the day.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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