Economic news

Review: Dollar moderates losses

The dollar fell by 0.6%, while gold and oil prices rose strongly after the U.S. missile strike against an airbase in Syria, although the early panic in the market calmed down after the U.S. officials called the attack "one-time", with no plans for further expansion.

The dollar index remained at the level of 100.65, benefiting from the inflow into safe-haven U.S. bonds.

The greenback reduced losses against the yen, trading at 110.62, after dipping to an almost two-week low of 110.14 earlier.

The euro was flat at $1.0648, near its closing level on Thursday, after comments by European Central Bank President Mario Draghi that there is no necessity to deviate from the ECB's declared policy until at least the end of 2017.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree