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12 Mar 2015
USD falling back from multi year highs - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the softer tone on the greenback.
Key Quotes:
"The American dollar corrected lower this Thursday, as the US Dollar Index (DXY), a measure of the greenback against a basket of currencies, retraced after hitting 100 for the first time since April 2003."
"The dollar advanced sharply during Asian hours, driving the EUR/USD pair to a fresh multi-year low of 1.0493, following surprise benchmark rate cuts from the Bank of Thailand and the Bank of Korea."
"Falling oil prices have been affecting growth all over Asian ever since mid 2014, and the desperate moves are aimed to boost the economic recovery, highlighting the imbalances between most Central Banks and the US Federal Reserve."
Key Quotes:
"The American dollar corrected lower this Thursday, as the US Dollar Index (DXY), a measure of the greenback against a basket of currencies, retraced after hitting 100 for the first time since April 2003."
"The dollar advanced sharply during Asian hours, driving the EUR/USD pair to a fresh multi-year low of 1.0493, following surprise benchmark rate cuts from the Bank of Thailand and the Bank of Korea."
"Falling oil prices have been affecting growth all over Asian ever since mid 2014, and the desperate moves are aimed to boost the economic recovery, highlighting the imbalances between most Central Banks and the US Federal Reserve."