Dollar at one-week low as optimism lifts riskier assets
The dollar fell to a one-week low on Thursday as the European Central Bank said it would keep a lid on borrowing costs and an auction of 30-year Treasury bonds was met with sufficient demand to help stabilize yields, giving a boost to riskier assets.
The ECB said it was ready to accelerate money-printing to keep eurozone yields down, signaling to skeptical markets it was determined to lay the foundation for a solid economic recovery.
The safe-haven dollar was down 0.41% at 91.435 against a basket of currencies, its third-straight day of declines after touching a three-month high of 92.506 on Tuesday.
The euro was around 0.44% higher against the dollar, at $1.19815. It is down around 2% this year.
Elsewhere, Australian and New Zealand dollars rose for the third session in a row, both at their highest in a week versus the U.S. dollar, helped by rising commodity prices.
In cryptocurrencies, bitcoin was up 2.6% at $57,300.83. The digital currency has recovered from some recent losses but not surpassed its all-time high of $58,354.14, reached on Feb. 21.
Reference: CNBC
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