Greenback drops on Bernanke comments
Story link: Greenback drops on Bernanke comments
The US dollar lost ground to both the euro and sterling again on Wednesday after comments from the chairman of the Federal Reserve on Tuesday that seemed to hint at US interest rates being left as they are for some time to come.
In midday trade in New York the euro was 0.1 percent higher to $1.3764 versus the greenback, while sterling had added 0.3 percent to $2.0334.
The euro was not disturbed by an argument between French president Nicolas Sarksozy and European Central Bank president Jean-Claude Trichet over how much influence European governments should have over the ECB regarding currency policies.
The yen was weaker in New York trade as risk-aversion began to fade and investors began to sell the Japanese currency once again.
By midday in New York, the US dollar had added 0.1 percent to ¥121.86 versus the yen, while the euro was 0.3 percent higher to ¥167.84 in relation to the Japanese currency.
The Australian dollar added 0.5 percent to ¥105.29 and the New Zealand dollar was up 0.7 percent on the yen, to ¥94.94.
Related stories:
-
Bernanke comments hurt US dollar
US dollar weaker on Bernanke comments
USD strengthens after Bernanke comments
USD falls on Bernanke comments
Bernanke comments help US dollar versus euro
US dollar drops on session
Latest News:
- Yen weakens on US data
- USD weakens, rebounds after scare
- Pound sees gains on factory data
- Yen weakens on data, risk chances
- USD weaker versus yen, euro
- USD weaker on gains in NY equities
- USD, yen stronger on risk aversion
- Euro weaker on lower consumer prices
- Dollar lower ahead of Fed decision
- Yen stronger on US, China data