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Dollar claws back gains as euro weakens on Draghi concern for subdued inflation


Thursday, 15 March 2018 00:19 WIB

Dolar Yen EuroIndeks Dollar WSJ


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The U.S. dollar retraced some losses achieved after Wednesday data, but remained in a close trading range. The euro a notable decliner after European Central Bank President Mario Draghi expressed concern with subdued inflation in the eurozone.

The ICE U.S. Dollar Index was up 0.1% to 89.742, slicing into Tuesday’s pullback of 0.3%, according to FactSet data. Tuesday’s loss was the index’s third in a row.

The WSJ U.S. Dollar Index which is a measure of the buck against a broader basket of rivals, was down 0.1% at 83.51.

The euro traded at $1.2370, down from $1.2392 in the previous session. The British pound edged down to $1.3952 from $1.3962 on Tuesday.

The greenback moved lower against Japan’s yen buying ¥106.20 compared with ¥106.58 late Tuesday in New York.

Source: Marketwatch


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