Dollar Hovers Near Two-Week High as Euro Flags Ahead of ECB Meeting
Tuesday, 5 March 2019 08:41 WIB | CURRENCIES |Dolar Indeks Dolar Euro

The dollar held near a two-week high against its key rivals on Tuesday, underpinned by a resilient economy and a flagging euro ahead of an upcoming European Central Bank policy meeting.

Higher U.S. bond yields kept the dollar well bid, and though rates were off overnight peaks, traders bet the greenback had more going for it than some of its peers.

The euro in particular remained wobbly before the ECB meeting on Thursday. The ECB is facing growing pressure to address how to protect the euro zone economy from a protracted slowdown.

In contrast, the dollar has enjoyed some support from higher U.S. Treasury yields as data, including fourth quarter gross domestic product, eased fears of a potentially rapid loss in economic momentum.

The dollar index versus a group of six major currencies was at 96.668 after going as high as 96.816 the previous day, its strongest since Feb. 19.

The euro was little changed at $1.1337 after shedding 0.25 percent the previous day, when it brushed an 11-day low of $1.1309.

Source : Reuters

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