Economic news

Review: Dollar come close to 10-month lows

On Wednesday, U.S. dollar held near a 10-month low versus an index of other currency baskets because the chances of U.S. rate hike seemed to fall investors still have concerns of pushing it lower before central banks meetings.

The European Central Bank and the Bank of Japan will meet this week, and market participants will watch whether affected, the recent strengthening of the euro and the yen influence their political views.

"We believe that it is appropriate to lower the weaken bias when it comes to quantitative easing," said Manuel Oliveri, currency strategist at Credit Agricole.

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