Dollar weakens on Eurozone, UK interest rate decisions

The euro and the pound both gained on the US dollar Thursday after the European Central Bank kept interest rates at 4 percent with hints that they won’t drop soon, and the Bank of England decided to keep rates steady at 5 percent.

In late morning trade in New York, the dollar traded at $1.5404 to the euro and at $1.9571 to the pound.

The yen gained against all major currencies, trading at ¥159.8935 to the euro and at ¥103.8000 to the greenback, while it took ¥80.326 to buy a New Zealand dollar and ¥97.8782 to buy an Australian dollar at just before 11 a.m. in New York.

The New Zealand dollar also weakened in relation to the US dollar, to 77.27 cents US, while the Australian dollar won back declines against the greenback to 94.29 cents US to the Aussie as the job outlook worsened in New Zealand but got better faster than expected in Australia.

Story link: Dollar weakens on Eurozone, UK interest rate decisions