U.S. dollar falls amid rising euro

0 Comment(s)Print E-mail Xinhua, June 7, 2019
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NEW YORK, June 6 (Xinhua) -- The U.S. dollar dropped in late trading on Thursday, amid gains in the euro after the European Central Bank (ECB) decided to keep interest rates unchanged and revised higher Eurozone economic growth forecast for 2019.

In its monetary policy decision's statement, ECB said Thursday it now expects rates to remain at their present levels "at least through the first half of 2020 and in any case for as long as necessary."

Thursdays' monetary decision marks a shift in ECB monetary policy's forward guidance. Earlier ECB said it would expect rates to remain unchanged "at least through the end of 2019."

ECB also presented revised economic growth forecast for the Eurozone for 2019, expecting a rate of 1.2 percent, higher than the 1.1 percent in its March forecast.

The dollar index, which measures the greenback against six major peers, was down 0.29 percent at 97.0427 in late trading.

In late New York trading, the euro was up to 1.1273 dollars from 1.1227 dollars in the previous session, and the British pound decreased to 1.2690 dollars from 1.2693 U.S. dollars in the previous session. The Australian dollar was up to 0.6976 dollar from 0.6965 dollar.

The U.S. dollar bought 108.44 Japanese yen, higher than 108.41 Japanese yen of the previous session. The U.S. dollar fell to 0.9912 Swiss franc from 0.9942 Swiss franc, and it fell to 1.3370 Canadian dollars from 1.3423 Canadian dollars. Enditem

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