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Dollar stages rebound after Wednesday rout

Friday 20 March 2015


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The dollar recovered against its rivals Thursday after an unexpectedly dovish statement from Federal Reserve policy makers triggered the largest intraday selloff in the buck since 2009.

The euro EURUSD, +0.23%  traded at $1.0653, compared with $1.0831 at Wednesday’s close. The single currency briefly climbed above $1.10 after the close of the Fed’s news conference, its highest intraday level in two weeks.

The U.S. Dollar index DXY, -0.18% a measure of the dollar’s strength against six rival currencies, fell 3.6% intraday on Wednesday, its largest move since a 3.7% decline in March 2009. The index bounced back to 98.0760, up 0.5% on the day.

The dollar USDJPY, -0.04%  on Thursday fetched ¥120.81 compared with ¥120.09 late Wednesday.


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