Greenback remains near lows, euro steady

Business | 8 Apr 2021 12:06 pm

The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered no new catalysts to dictate market direction, Reuters reports.

The dollar index which measures the greenback against a basket of six currencies, was little changed at 92.425 early in the Asian session, after dipping to as low as 92.134 on Wednesday for the first time since March 23.

The gauge rallied to an almost five-month high at 93.439 at the end of last month as the U.S. pandemic recovery outpaced most other developed nations, particularly Europe.

The dollar was little changed at 109.78 yen, stabilizing after its retreat from a more than one-year high of 110.97 reached on March 31.

The euro consolidated around US$1.1865 after rebounding from an almost five-month low of US$1.1704, also touched on March 31.

 



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