Economic news

Dollar steady near its top in three months

The dollar was firm near a 3-1/2-month peak on Thursday as 10-year Treasury yields remained slightly below 3 percent, having breached this key level for the first time in four years.

Photo: Reuters

The dollar’s index traded at 91.136 .DXY, having jumped to a peak of 91.261 in the previous session, its highest since Jan. 12.

Versus the yen, the greenback hit a 2-1/2-month peak of 109.49 yen but later slipped to 109.30 yen, losing 0.1 percent.

The euro gained 0.2 percent to $1.2179 but remained not far from two-month trough of $1.2160 touched on Wednesday.

All eyes now on the European Central Bank monetary policy decision. The central bank is widely expected to maintain policy unchanged but Mario Draghi’s press conference will be followed closely for any hints of when regulator might shift in stimulus plans.

Bitcoin lost 6.2 percent at $9,052 on Thursday.


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