Sterling firmed on Thursday against the dollar, which lost ground after data showed weak economic expansion in the third quarter, though it slipped versus the euro following an ECB meeting which failed to dissipate bets on a 2022 rate hike.
The euro rose sharply
against the U.S. dollar on Thursday as foreign currency traders
sorted through moves in the interest rate markets and comments
by the European Central Bank President Christine ...
* USD slips 0.6% against rivals. * U.S. GDP slows to 2% in Q3. * Palladium, platinum rise more than 1% each. By Amy Caren Daniel. Gold prices rose on Thursday after data showing the U.S. economy grew at its slowest pace in more than a year boosted demand for the safe-haven metal and weakened the dollar. Spot gold rose 0.4% to $1,803.68 per ounce by 11:49 a.m. ET.
The Canadian dollar edged higher
against its U.S. counterpart on Thursday and Canadian bond
yields rose, adding to moves from the previous day when the Bank
of Canada signaled an earlier start to ...
* ECB decision at 1130 GMT, news conference to follow. * BoJ gives another dovish outlook on inflation. * Traders prepare for U.S. Q3 GDP release. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Tommy Wilkes.
The Polish zloty and the
Hungarian forint eased in low liquidity on Thursday as market
participants waited for a meeting of the European Central Bank
later in the day to hear its comments about the ...
Sterling firmed a touch on Thursday against the euro and the dollar as investors assessed whether the Bank of England would proceed with an interest rate hike at the upcoming meetings or hold fire, given concerns around economic growth.
* ECB decision at 1130 GMT, news conference to follow. * BoJ gives another dovish outlook on inflation. * Aussie falls after surprise RBA decision. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Tommy Wilkes.
Central bank policymakers buffeted currency trading on Thursday as the Australian dollar held firm on growing speculation about the Reserve Bank of Australia's tightening plans, while the yen steadied as the Bank of Japan kept policy steady as expected.
Bank of Japan Governor Haruhiko Kuroda on Thursday welcomed the economic benefits of a weak yen, brushing off fears that rising import costs could derail a recovery and committing to an easy policy even as other nations dial back crisis-mode stimulus.
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