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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.
May silver SIK5, -0.02% rallied 57.3 cents, or 3.7%, to end at $16.114 an ounce, which was also a two-week high.
April platinum PLJ5, +0.23% rose $27, or 2.5%, to end at $1,119.60 an ounce.
June palladium PAM5, +0.37% rose $1.15, or 0.2%, to $765.80 an ounce.
May copper HGK5, -0.23% jumped nearly 9 cents, or 3.5%, to $2.66 a pound after posting losses over the past two sessions.
April gasoline RBJ5, -0.08% fell 2.5 cents, or 1.4%, to $1.774 a gallon.
April heating oil HOJ5, +0.00% ended at $1.722 a gallon, down 5 cents, or 2.8%.
April natural gas NGJ15, +0.82% fell 10.7 cents, or 3.7%, to end at $2.813 per million British thermal units.
Oil futures saw their third lowest settlement of the year on Thursday as traders fretted over record U.S. supplies and failed to see any real indications that crude output is headed for a significant decline.
Crude for delivery in April CLJ5, -0.14% settled at $43.96 a barrel, down 70 cents, or 1.6%, on the New York Mercantile Exchange, giving up much of the 2.8% gain it scored a day earlier.
