The yen traded near an eight-month low versus the dollar on Tuesday, while the e...
TOKYO - The yen traded near an eight-month low versus the dollar on Tuesday, while the euro held steady as investors awaited meetings of the Bank of Japan and European Central Bank amid a slightly improving backdrop for global growth.
The euro was locked in a narrow range before a European Central Bank meeting on Thursday where it is expected to launch a comprehensive review of central bank strategy, including the ECB’s inflation target. “The euro zone economy has bottomed out, but the ECB is waiting for signs that the economy is picking up, so a recovery in the euro is likely to be delayed.”Against the dollar, the euroThe dollar index against a basket of six major currencies stood at 97.606, near the highest level in a month.
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