Economic news

Dollar supported by Powell's comments, euro at five-week trough vs. greenback

The dollar was steady on Thursday, being underpinned by the Federal Reserve’s new Chairman Jerome Powell comments over the state of U.S. economy.

Photo: Reuters

The dollar index soared to a five-week peak of 90.746.

The yen slipped almost to 106.80 per greenback.

The euro sank to $1.21835, its nadir since Jan. 18.

Sterling slumped to $1.3743, its trough since mid-January.

The Aussie lost 0.5 percent to $0.7726, having briefly slipped to as low as $0.7717.

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