The dollar and the yen remained lower after dropping yesterday against most major peers as the European Central Bank’s announcement of a new bond-buying plan damped demand for haven assets and boosted equities.
The dollar held declines against higher-yielding currencies before the U.S. government releases monthly jobs report. The euro traded near a two-month high after ECB President Mario Draghi said policy makers agreed to the unlimited purchase of government debt to reduce interest rates for struggling nations and help prevent a break-up of the European currency bloc.
“The markets turned risk-on after Draghi delivered what was expected,†said Marito Ueda, senior managing director in Tokyo at FX Prime Corp., a currency-margin company. “The dollar and yen are being sold.â€
via Bloomberg
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