Friday, 25 January 2019 23:21 WIB |
CURRENCIES |Dolar Euro
The dollar fell on Friday from its three-week highs in the previous session, as traders™ focus shifted to the Federal Reserve™s policy meeting next week when the U.S. central bank is expected to leave interest rates unchanged.
In mid-morning trading, the dollar index was down 0.6 percent at 96.046, after climbing to a three-week high of 96.676 on Thursday.
The dollar™s decline also coincided with a rally in U.S. stocks, which were bolstered by upbeat earnings.
The euro, on the other hand, rebounded on Friday, steadying after a dovish European Central Bank President Mario Draghi failed to alter an already downbeat assessment on the euro zone™s economy.
The euro on Thursday weakened broadly on those comments and fell to a two-month low of $1.1286 against the dollar. But on Friday, the single currency recovered, rising 0.7 percent to $1.1379.