The euro dropped its lowest level since March after the European Central Bank said it wouldn’t taper policy anytime soon.
The currency is down by 0.6% at 1.0868 against the dollar as of 11:58 a.m. ET.
As for the rest of the world, here’s the scoreboard as of 2:29 p.m. ET:
- The US dollar index is up by 0.4% at 98.78 on a relatively quiet day for data. Notably, a Morgan Stanley team led by Hans W. Redeker argued in a recent note that “the foundation for a powerful USD rally is in place. In many aspects, the USD outlook is stronger than it was last year.” The British pound is down by 0.4% at 1.2210 against the dollar. “It is becoming clear that Sterling has been enveloped by political uncertainty with hard Brexit jitters ensuring prices remain depressed,” said Lukman Otunuga of FXTM. The Russian ruble is little changed at 62.5429 per dollar, while Brent crude oil is up by 0.4% at $51.55 per barrel. The Japanese yen is little changed at 103.97.