The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data. Traders were looking to US inflation data due next week to provide clues on the US Federal Reserve’s likely interest rate policy.
The dollar index – which measures the greenback against a basket of six major currencies, the euro the heaviest weighted among them – inched down by a quarter of a percent as the euro hit $1.1180, its highest since Monday. The European Central Bank is deciding when and how quickly to wind back its expansive quantitative easing (QE) programme. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
The dollar index – which measures the greenback against a basket of six major currencies, the euro the heaviest weighted among them – inched down by a quarter of a percent as the euro hit $1.1180, its highest since Monday. The European Central Bank is deciding when and how quickly to wind back its expansive quantitative easing (QE) programme. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
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