The dollar index, which gauges the currency against the euro, yen and four other peers, edged 0.06% lower to 104.45 in early Asia trading, but following a 0.85% surge overnight, its biggest since late September.The dollar index, which gauges the currency against the euro, yen and four other peers, edged 0.06% lower to 104.45 in early Asia trading, but following a 0.85% surge overnight, its biggest since late September.
“It has been a big night in markets, with the modestly ‘risk-off’ reaction to the Fed on Wednesday from what was seen as a slightly more hawkish than expected set of outcomes, greatly exacerbated by the messaging out of the ECB’s meeting,” Ray Attrill, head of foreign-exchange strategy at National Australia Bank, wrote in a note.
The dollar climbed as high as 138.18 yen on Thursday for the first time since November 30, ending that day with a 1.68% gain.
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