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Dollar at multi-month lows as central banks sound more hawkish

Published 29/06/2017, 05:25 pm
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Investing.com - The dollar was at multi-month lows Thursday against major currencies as a number of central bankers sounded more hawkish.
The dollar index was off 0.21% at 95.58 at 03:00 ET, near its lowest levels since early October.
The euro touched the $1.14 mark despite efforts by ECB officials to hose down upbeat remarks by Mario Draghi on the euro-zone recovery.
The pound eyed the $1.30 mark as Bank of England governor Mark Carney appeared to tone down a previous dovish approach.
Carney told an ECB banking forum Wednesday "some removal of stimulus policy is likely to become necessary" amid UK inflationary pressure.
Bank of Canada governor Stephen Poloz also hinted at a rate hike sooner rather than later, which buoyed the loonie.
The exception was the Bank of Japan, which seems inclined to continue with stimulus measures as inflation remains low.
The yen was mostly flat against the dollar at the 112 mark.
The euro traded above 128 yen, its highest level in over a year.
The Aussie was firm against the dollar, with the Australian currency buoyed by a recovery in iron ore prices.

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