Euro awaits ECB, Canadian, Aussie dollars linger near two-month lows
Thursday, 7 March 2019 09:51 WIB | CURRENCIES |DOLLAR EuroAussieDolar

Major currencies kept to tight ranges on Thursday as traders focused their immediate attention on the European Central Bank's (ECB) policy review, while the Australian and Canadian dollar languished near two-month lows.

Some traders expect the ECB will indicate a delay in raising rates until next year and the central bank will soon re-launch long-term bank loans to fight an economic slowdown.

The Aussie was last at $0.7034, pulling up slightly after edging down to a fresh two-month low of $0.70205 early in the session.

The dollar index has gained 1.1 percent over the last six trading sessions after hitting its lowest level since early February on Thursday last week.

Against the yen, the dollar was down 0.1 percent at 111.65 yen, but still not far off a recent peak of 112.135 hit on Tuesday, its strongest since Dec. 20.

The euro trod water at $1.1312, about 1.0 percent below a one-month high hit on Thursday last week.

Source : Reuters

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