By Cornelius Luca
New York, March 29 (BridgeNews) - The euro fell to a three-and-a-half-month low of 88.15 cents to the dollar on disappointment that the European Central Bank (ECB) did not cut interest rates to bolster its economy. The ECB kept its minimum refinancing rate at 4.75%. While it recovered some of the losses, the currency remains fragile.
* * * The greenback opens firm overall, reaching a three-day high of 123.63 yen, a four-month high of 1.7325 Swiss franc, and a two-week high of 1.4359 to the pound. Only dollar/Canada was more sedated, with gains confined by Wednesday's range.
With no events planned for Thursday, the U.S. traders will likely bid the dollar higher across the board, albeit not very aggressively.
Current Previous Change Global Global
NY open NY close low high
USD/JPY 123.07 122.28 0.79 122.13 123.63
EUR/USD 0.8850 0.8864 -0.0014 0.8815 0.8885
EUR/JPY 108.90 108.33 0.57 108.32 109.60
GBP/USD 1.4385 1.4370 0.0015 1.4359 1.4419
USD/CHF 1.7265 1.7266 -0.0001 1.7150 1.7325
USD/CAD 1.5684 1.5650 0.0034 1.5640 1.5705
AUD/USD 0.4925 0.4932 -0.0007 0.4906 0.4952
NZD/USD 0.4101 0.4094 0.0007 0.4099 0.4127