Investing.com - The dollar was steady against the euro on Thursday, with investors cautious ahead of the European Central Bank’s policy announcement later in the session.
During European morning trade, the euro was little changed against the dollar, with EUR/USD edging up 0.03% to 1.3517.
The euro remained supported as expectations for a rate cut by the ECB at its monthly rate setting meeting later on Thursday waned.
While no policy change was expected from the ECB many investors still expected the bank to signal the possibility of further monetary policy easing at its next meeting in December after weak euro zone inflation data last week.
Investors were also awaiting preliminary data on U.S. third quarter growth, due out later Thursday, amid ongoing speculation over how soon the Federal Reserve will start to taper its stimulus program.
The dollar was steady against the yen, with USD/JPY inching up 0.03% to 98.68.
Elsewhere, the dollar was unchanged against the pound ahead of the Bank of England’s monetary policy announcement with GBP/USD trading at 1.6079.
The dollar edged higher against the Swiss franc, with USD/CHF inching up 0.03% to 0.9121.
The greenback was higher against the Australian dollar, with AUD/USD falling 0.38% to 0.9489 after disappointing employment data.
Australia’s dollar slid after data showed that the economy added 1,100 jobs in October, well below expectations for an increase of 10,000. The unemployment rate was steady at 5.7%.
The greenback was little changed against the New Zealand and Canadian dollars, with NZD/USD dipping 0.02% to 0.8375 and USD/CAD slipping 0.05% to 1.0411.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, inched down 0.01% to 80.56.
During European morning trade, the euro was little changed against the dollar, with EUR/USD edging up 0.03% to 1.3517.
The euro remained supported as expectations for a rate cut by the ECB at its monthly rate setting meeting later on Thursday waned.
While no policy change was expected from the ECB many investors still expected the bank to signal the possibility of further monetary policy easing at its next meeting in December after weak euro zone inflation data last week.
Investors were also awaiting preliminary data on U.S. third quarter growth, due out later Thursday, amid ongoing speculation over how soon the Federal Reserve will start to taper its stimulus program.
The dollar was steady against the yen, with USD/JPY inching up 0.03% to 98.68.
Elsewhere, the dollar was unchanged against the pound ahead of the Bank of England’s monetary policy announcement with GBP/USD trading at 1.6079.
The dollar edged higher against the Swiss franc, with USD/CHF inching up 0.03% to 0.9121.
The greenback was higher against the Australian dollar, with AUD/USD falling 0.38% to 0.9489 after disappointing employment data.
Australia’s dollar slid after data showed that the economy added 1,100 jobs in October, well below expectations for an increase of 10,000. The unemployment rate was steady at 5.7%.
The greenback was little changed against the New Zealand and Canadian dollars, with NZD/USD dipping 0.02% to 0.8375 and USD/CAD slipping 0.05% to 1.0411.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, inched down 0.01% to 80.56.